Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
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Alphabet Inc.
Ticker: GOOGL CIK: 1652044

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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