Google reports big profits as it continues to invest in mobile

Its “Other Bets” segments — which include Nest, Google Fiber and Google X — made money too, but it lost more than it gained. Specifically, it made $185 million in total but lost $859 million in expenditure. Which isn’t too surprising considering the experimental nature of most of these businesses, plus the loss is a drop in the bucket when compared to the company’s overall revenue and profit. One of the reasons for such growth is Google’s big push in mobile. As CEO Sundar Pichai said during the investor call, mobile is the “engine” that drives much of the business. That includes advertising, YouTube, its platforms such as Chrome and Android, the cloud and of course mobile search. Indeed, CFO Ruth Porat says that ad revenue from mobile search was…


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