Alphabet finance chief Ruth Porat said on Thursday that the company's moonshots will face "course corrections along the way and that some efforts will be more successful than others."
Corrections are presumably underway, and the public is waiting to see the successes, 14 months after the Alphabet structure was put in place.
Financially, Alphabet is still Google and Google is swimming in cash. Mobile, YouTube and search advertising drove third-quarter revenue up 20 percent and helped sales and profit exceed analysts' estimates. Its cash balance sits at $83 billion.
Take a look at the Other Bets piece of Alphabet, and it's a very different story.
Combining all the units, which include Nest thermostats, fiber for high-speed Internet, health-tech division Verily and autonomous vehicles, revenue equaled $197 million, or less than 1 percent of Alphabet's sales.
Mizuho Securities analyst Neil Doshi estimates the value of Other Bets at $7 a share, also less than 1 percent of the company's $817.35 stock price at Thursday's close.