Alphabet, the parent company of Google, reported mixed fourth-quarter results, with revenues rising 11.8% year-over-year to $96.5 billion and EPS increasing 31.1% to $2.15. The strong performance was bolstered by a 30% surge in Google Cloud sales. Despite this, Wall Street anticipated higher figures, causing shares to drop. Additionally, Alphabet plans to spend approximately $75 billion in capital expenditures for 2025, surpassing analysts' expectations, which is impacting stock performance. CEO Sundar Pichai emphasized the company's advancements in AI and search driving user engagement.
In the three months ending December 31, Alphabet's revenue increased 11.8% year over year to $96.5 billion, with earnings per share rising to $2.15.
Pichai added that advances in AI and search are increasing user engagement and that the company's solid results were driven by its AI-powered cloud portfolio and YouTube.
Collection
[
|
...
]