It’s a huge breakthrough for Alphabet that became the world’s most valuable publicly traded company by surpassing Apple in terms of ranks and revenue. Alphabet released Q4 2015 earnings report that brings in $21.3 billion in revenue at $8.67 earnings per share. Alphabet has increased its revenue about 8% and now sits at the market cap of$558 billion in the fourth quarter, while Apple sits at a market cap of $535 billion.
“Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years,” CFO Ruth Porat said in a statement with the earnings report.
Over the past year, Apple’s stock has not performed well, while Google’s stock has seen a steady growth in the past 12 months. Investors were crazy about buying Google’s share, which raises the stock prices tremendously. Alphabet’s growth is tremendous year-over-year, where its revenue jumps up 24% from the 12% the year before.
In terms of earning, Google gets the majority of revenue from ads. Though its cost-per-click has gone down by 13% year-over-years, it managed to increase its paid click by 31%, which means Google is still making plenty of money, for sure. Google has also announced that it has more than one billion active Gmail users. Google now joins 1 billion clubs, where Facebook and WhatsApp have already passed the one billion mark.