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02/05/2016

Alphabet’s ‘Other Bets’ Lose $3.56B in 2015

Google’s new parent company, Alphabet, provided some new financial detail about its “Other Bets,” those so-called moonshot projects and bets that include self-driving cars and Google Fiber. They are, as expected, losing money.

For calendar year 2015, those Other Bets lost $3.56 billion, with revenues of $448 million, compared to a loss of $1.94 billion and revenues of $327 million in 2014. Capex for Other Bets reached $869 million in 2015, primarily reflecting spending on Google Fiber, versus $501 million in 2014. Capex for Other Bets will rise in 2016 thanks in large part to Google Fiber's expansion.  Google Fiber offers service to parts of Kansas City (Mo. and Kan.);  Provo, Utah; and Austin, Texas. It has buildouts started in Salt Lake City, San Antonio, Nashville, Atlanta, Raleigh-Durham and Charlotte, and is exploring deployments in Chicago; Los Angeles; Portland, Ore.; San Jose, Irvine and San Diego, Calif.; Phoenix, Ariz.; Oklahoma City; Louisville, Ky.; and Jacksonville and Tampa, FL.

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