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Comment by snaveed | Hacker News Reader

Reported 2018 Q1 Net Income:

  Alphabet: $9.4 Billion [0]
  Facebook: $5.0 Billion [1]

[0] https://abc.xyz/investor/pdf/2018Q1_alphabet_earnings_releas...

[1] https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q1...

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Alphabet's net income will drop dramatically in the next quarter.

Google's VC investments booked a ton of gains all-at-once in the quarter (due to an accounting change) which won't be recurring. About $2.4bn added to net income.

Net income is not that useful of a metric since both companies are still growing.

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