Google-parent Alphabet’s moonshots lost $3.6 billion in 2015

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Google’s self-driving car Getty Images

Google parent-company Alphabet lost $3.6 billion on moonshot projects in 2015.

The so-called “Other Bets,” which includes everything from self-driving cars to internet beaming high-altitude balloons, generated $448 million in the 2015, compared to $327 million in the previous year.

Most of the reported revenue likely comes from Google’s high-speed broadband Fibre business, as most of the Other Bets are still in the early stages, and are not operating as revenue-generating businesses yet

But Alphabet’s investments in the moonshots are increasing, leading to growing losses. The Other Bets group posted an operating loss of roughly $3.6 billion in 2015, compared from $1.9 billion in 2014.

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