Google's Q4 2024 results revealed a revenue increase to $96.47 billion, a 12% growth year-over-year, but slower than the 13% growth seen in Q4 2023. Analysts were expecting $96.56 billion, contributing to a 7% premarket stock drop. Additionally, Google Cloud revenue at $11.96 billion fell short of the anticipated $12.19 billion, showing a slowdown in this crucial segment, which had previously shown 35% growth in 2023. Investors are particularly concerned about the substantial increase in capital expenditures aimed at maintaining a competitive edge in artificial intelligence.
Google's Q4 2024 revenue increased to $96.47 billion, reflecting a 12% growth; however, this growth rate has slowed compared to the prior year's quarter.
Despite positive revenue outlook, Google's stock is down nearly 7% due to missing analyst expectations and a marked increase in capital expenditures.
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