Alphabet earnings: $8.67 per share, vs expected EPS of $8.10

The internet giant beat analyst expectations by reporting revenue of 21.3 billion United States dollars (£14.7bn) for the final quarter of last year, up from 18.1 billion U.S. dollars (£12.5bn) on the same period last year.

Other Bets earned $448 million Dollars in the quarter, but had a $3.6 billion USD operating loss; the company is clearly pursuing some vital projects, most of which are expected to burn cash in the near-term.

Shares of Google parent company Alphabet are soaring on a strong inaugural earnings report bolstered by YouTube and mobile search. Aggregate paid clicks rose 31 percent year over year, while cost-per-click rates fell 13 percent compared to Q4 of 2014.

Adjusted earnings of $8.67 per share excluded certain one-time items.

Revenue was $21.33 billion for the quarter, ahead of analysts’ forecast for $20.77 billion.

EMarketer estimates that YouTube ad revenue rose 40.6% previous year, reaching $4.28 billion worldwide, as more consumers relied on the video site to compare products gain information on gift options for the holidays.

Alphabet (Xetra: ABEA.DE – news) ‘s share price soared nearly 10% in after-hours trading following the release of its fourth quarter and annual results which, if repeated when the markets reopen for trading on Tuesday, should easily take it to the top of the corporate pile. During regular trading hours, Wall Street was buzzing about whether tonight’s earnings report would push the valuation of Google’s parent company above that of Apple, which is at around $538.7 billion.

Last year, Google announced that it would restructure itself into several different companies under the Alphabet umbrella, a move created to give investors more transparency and allow the chiefs of each division more freedom. Now, also for the first time, we know how much it costs Google to shoot for the moon.

As the first-ever Alphabet earnings call, Google is breaking out the non-Google parts into a segment called “other bets”.

Now, beyond other bets, the other interesting bit involves the one thing most certainly driving Google’s future: ads. Net income for Q4 2015 was $3.97 billion.