Alphabet revenues are up 22% but the stock is still dropping

Despite delivering a Q4 earnings revenue beat, Google parent company Alphabet’s stock is seeing a bit of a drop.

The massive search company reported revenue of $39.3 billion, up 22 percent year-over-year with an EPS of $12.77. Alphabet stock dropped more than 2 percent in after-hours trading.

The company’s beat of analyst estimates would have been a miss if not for a $1.3 billion unrealized gain “related to a non-marketable debt security.” Alphabet didn’t details this further, but it kind of skews the earning beat based on what analysts actually had reason to expect.

Advertising revenues were up 20 percent YoY in Q4 to $32.6 billion. “Other” revenues (Cloud, hardware) were reported at $6.49 billion, up 31 percent year-over-year. “Other Bets,”…

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