On an annual basis, Alphabet has made $16.3 billion while spending $3.6 billion in other bets business during the period. However, Google's operating income has risen to $23.4 billion due to the surge in earning from online advertisements.

Alphabet's consolidated revenue has jumped 17.8% to $21.33 billion in the Q4: 2015, from $18.10 billion a year earlier. Analysts have expected $20.77 billion, according to Thomson Reuters I/B/E/S.

Mobile phone has been acknowledged as a big head wind for Google since last two to three years. But mobile ads are becoming closer in value to the desktop ads, now a day, due to the fact that mobile takes over for more searches.

Apple has been punished by the Wall Street for not sharing enough ideas on the future during the last week. On the contrary, Alphabet has been rewarded for sharing information on earnings, spending for ambitious technology projects and forecasts. Its share prices have been reportedly rose up to 9% during the extended hour trading on Monday.

Click on ads has been increased 31% across the entire internet compared to the previous year whereas, for Google- owned sites, the increase is 40%. Since the technology baton has been passed to Alphabet, some analysts support Alphabet's claim of the 'most valuable company' title.

Non-disclosure of financials or sharing future business plan has become a trend in tech industries. Breaking the trend, Google for the first time has disclosed earning and spending scenario for the year 2015 on Monday. This unusual move by Google has helped rising its share value up to 9% during the extended hour trading.