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Alphabet beats estimates with Nest in Google fold

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Howard Marcinkowski
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It's got advertising demand to thank for all that upside.

But the role that its Nest smart home device maker has played into its gains is still a little tricky to tell.

Starting today, moved Nest's sales to Google and out of the category called "Other Bets," which includes projects like self-driving cars and smart contact lenses.

Without Nest, "Other Bets" revenue rose 14 percent, while the loss in that group narrowed year over year to $571 million from $703 million.

With Nest, Google's "Other Revenue," which includes its cloud division, rose 36 percent to $4.35 billion from $3.21 billion a year ago.

The research firm doesn't break down the estimate by quarters, but says it's heavily weighted to the holiday sales quarter.

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Howard Marcinkowski
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