Alphabet stock soars: Q3 2015 Google earnings show $18.7 billion revenue, $5 billion in buybacks planned [Livestream]
Alphabet has today — for the very first time since the company’s major restructuring earlier this year — posted Google’s earnings for Q2 2015. The company reports revenue of $18.7 billion, which is up 13%. Net income for Q3 2015 was $3.97 billion. More importantly, Google is initiating its first buyback program, planning to buy $5,099,019,513.59 of its Class C capital stock.
Meanwhile, Alphabet stock is soaring.
Of its total revenue, advertising consisted of right about $16.7 billion, with Google’s own websites accounting for about $13 billion. Advertising revenue is up 13 percent year over year, while that of Google’s own sites are up 16 percent year over year. Aggregate paid clicks rose 23 percent in Q3, while cost-per-click rates fell 11 percent compared to Q3 of 2014.
Google is holding a webcast at 1:30PST/4:30EST further discussing its earnings for the first quarter of 2015, and you can find that stream embedded below.
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