parent company Alphabet delivered positive results for the second quarter of 2018
on Monday. The company posted $32.7 billion in revenue and net income of $3.2 billion (after accounting for the EU's $5.1 antitrust fine) for the three months ending June 30.
While Google's core business continues to be highly profitable, the company’s more speculative side activities (including the famous moonshot projects
) continue to weigh on its bottom line.
As our chart illustrates, Alphabet continues to lose money on its ‘other bets’ and not everybody is happy about it. Some investors fear
that the company is effectively burning cash as many of the projects
have led to little more than some flashy headlines so far.