Alphabet, the umbrella for Google’s core business as well as its riskier "Other Bets," posted its second-quarter earnings today. In the third time the company has detailed its performance segment by segment, it handily beat analysts’ expectations. It notched $21.5 billion in revenue, a gain of 21 percent versus this same period last year. It also reported $5.97 billion in net income, a 28 percent increase year-over-year. Both of those areas saw better growth rates than last year, an impressive feat given Google’s increasingly massive scale.
Other Bets, made up of Alphabet’s so-called moonshot projects, reported $184 million in revenue, more than double the $74 million it booked during this same three month period last year. It’s losses...
