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Three Months Ended December 31, 2017(1) | Three Months Ended December 31, 2018 | ||||||
Revenues | $32,323 | $39,276 | |||||
Increase in revenues year over year | 24 | % | 22 | % | |||
Increase in constant currency revenues year over year | 24 | % | 23 | % | |||
Operating income | $7,664 | $8,203 | |||||
Operating margin | 24 | % | 21 | % | |||
Other income (expense), net | $354 | $1,869 | |||||
Net income (loss) | ($3,020 | ) | $8,948 | ||||
Diluted EPS | ($4.35 | ) | $12.77 | ||||
Diluted shares (in thousands) | 694,604 | 700,899 | |||||
Effective tax rate | 138 | % | 11 | % | |||
Number of employees | 80,110 | 98,771 |
(1) | The Tax Act was enacted on December 22, 2017 and resulted in additional tax expense of $9.9 billion in the fourth quarter of 2017 primarily due to the one-time transition tax on accumulated foreign subsidiary earnings and deferred tax effects. |
Three Months Ended December 31, 2017 | Three Months Ended December 31, 2018 | ||||||
Google properties revenues | $22,237 | $27,022 | |||||
Google Network Members' properties revenues | 4,990 | 5,613 | |||||
Google advertising revenues | 27,227 | 32,635 | |||||
Google other revenues | 4,965 | 6,487 | |||||
Google segment revenues | $32,192 | $39,122 | |||||
Other Bets revenues | $131 | $154 | |||||
Google operating income | $8,595 | $9,700 | |||||
Other Bets operating loss | ($748 | ) | ($1,328 | ) |
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