In Q4 2024, Google/Alphabet reported impressive earnings with ad revenue soaring to $72.46 billion, a 10.6% increase year-over-year. Overall revenue also climbed to $96.47 billion, marking a 12% uptick. While these figures set new records for Google, their stock experienced a notable decline in after-hours trading, largely attributable to disappointing cloud sales. CEO Sundar Pichai emphasized strong momentum in AI initiatives, enhanced user engagement in search, and the growth of their Google Cloud and YouTube services, projecting significant future investments to sustain this growth trajectory.
Google's ad revenue reached an all-time high of $72.46 billion in Q4 2024, driven by strong search performance and AI advancements.
Despite the strong earnings report, Google’s stock fell 9% in after-hours trading, primarily due to disappointing cloud sales.
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