Exhibit 99.1

Alphabet Announces Third Quarter 2018 Results
MOUNTAIN VIEW, Calif. – October 25, 2018 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2018.
"Our business continues to have strong momentum globally, led by mobile search and our many products that help billions of people every day," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "Alphabet revenues were $33.7 billion, up 21% versus the third quarter of 2017, and we remain focused on delivering on the opportunities we see."
Q3 2018 financial highlights
The following summarizes our consolidated financial results for the quarters ended September 30, 2017 and 2018 (in millions, except for per share information, percentages, and number of employees; unaudited) with results for the quarter ended September 30, 2018 affected by gains on equity securities reflected in other income (expense), net (OI&E):
 
Three Months Ended September 30, 2017
 
Three Months Ended September 30, 2018
Revenues

$27,772

 

$33,740

Increase in revenues year over year
24
%
 
21
%
Increase in constant currency revenues year over year
24
%
 
22
%
 
 
 
 
Operating income

$7,782

 

$8,310

Operating margin
28
%
 
25
%
 
 
 
 
OI&E

$197

 

$1,773

 
 
 
 
Net income

$6,732

 

$9,192

Diluted EPS

$9.57

 

$13.06

Diluted shares (in thousands)
703,716

 
703,859

 
 
 
 
Effective tax rate
16
%
 
9
%
Number of employees
78,101

 
94,372

Q3 2018 supplemental information (in millions, except for EPS and percentages; unaudited)
Segment revenues and operating results
 
Three Months Ended September 30, 2017
 
Three Months Ended September 30, 2018
Google properties revenues

$19,723

 

$24,054

Google Network Members' properties revenues
4,342

 
4,900
Google advertising revenues
24,065

 
28,954
Google other revenues
3,590

 
4,640
Google segment revenues

$27,655

 

$33,594

Other Bets revenues

$117

 

$146

 
 
 
 
Google operating income

$8,582

 

$9,490

Other Bets operating loss

($650
)
 

($727
)


The following information was filed by Alphabet Inc. (GOOGL) on Thursday, October 25, 2018 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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