Exhibit 99.1

Alphabet Announces Third Quarter 2017 Results
MOUNTAIN VIEW, Calif. – October 26, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2017.
"We had a terrific quarter, with revenues up 24% year on year, reflecting strength across Google and Other Bets," said Ruth Porat, CFO of Alphabet. "Our momentum is a result of investments over many years in fantastic people, products and partnerships."
Q3 2017 financial highlights
The following summarizes our consolidated financial results for the quarters ended September 30, 2016 and 2017 (in millions, except for per share information, effective tax rate, and headcount; unaudited):
 
Three Months Ended September 30, 2016
 
Three Months Ended September 30, 2017
Revenues

$22,451

 

$27,772

Increase in revenues year over year
20
%
 
24
%
Increase in constant currency revenues year over year
23
%
 
24
%
 
 
 
 
Operating income

$5,767

 

$7,782

Operating margin
26
%
 
28
%
 
 
 
 
Net income

$5,061

 

$6,732

Diluted EPS

$7.25

 

$9.57

Diluted shares (in thousands)
698,440

 
703,716

 
 
 
 
Effective tax rate (ETR)
16
%
 
16
%
Headcount
69,953

 
78,101

Q3 2017 supplemental information
Segment revenues and operating results (in millions; unaudited):
 
Three Months Ended September 30, 2016
 
Three Months Ended September 30, 2017
Google properties revenues

$16,089

 

$19,723

Google Network Members' properties revenues
3,732

 
4,342
Google advertising revenues
19,821

 
24,065
Google other revenues
2,433

 
3,405
Google segment revenues

$22,254

 

$27,470

Other Bets revenues

$197

 

$302

 
 
 
 
Google operating income

$6,774

 

$8,744

Other Bets operating loss

($861
)
 

($812
)


The following information was filed by Alphabet Inc. (GOOGL) on Thursday, October 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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