FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017.   REUTERS/Mike Blake/File Picture - RC1F498AE7E0

87% of Alphabet’s revenues come from Google’s ad business

87%

Alphabet’s blockbuster quarterly earnings are proof that being a one-trick pony can be extremely lucrative.

Published   |  Photo by Reuters/Mike Blake
FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017.   REUTERS/Mike Blake/File Picture - RC1F498AE7E0
87%

The company generated a record $27.772 billion in revenue, up 24% over the same quarter last year. Roughly $24.07 billion came from Google’s ad sales.

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FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017.   REUTERS/Mike Blake/File Picture - RC1F498AE7E0
87%

The company has invested billions into a series of money-losing moonshots, including self-driving cars.

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FILE PHOTO - The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017.   REUTERS/Mike Blake/File Picture - RC1F498AE7E0
87%

Investors don’t seem to mind—Alphabet shares surged after the better-than-expected earnings were released.

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Published

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