Alphabet, Google's parent company, announced its fourth quarter and fiscal year 2024 results on February 4, 2025. Here's a summary of the key highlights:
Financial Performance:
- Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion.
- Google Services revenues increased 10% to $84.1 billion, driven by strong performance in Search and YouTube ads.
- Google Cloud revenues increased 30% to $12.0 billion, led by growth in Google Cloud Platform (GCP) across various areas including AI Infrastructure and Generative AI Solutions.
- Total operating income increased 31% and operating margin expanded by 5 percentage points to 32%.
- Net income increased 28% and EPS increased 31% to $2.15.
Key Highlights:
- AI Leadership: CEO Sundar Pichai emphasized the company's leadership in AI and the momentum across the business. He highlighted the rapid pace of building, testing, and launching AI products and models, as well as the progress in compute and driving efficiencies.
- Search and YouTube: Advances in Search, such as AI Overviews and Circle to Search, are increasing user engagement. YouTube continues to be the leader in streaming watchtime and podcasts.
- Google Cloud: The AI-powered Google Cloud portfolio is seeing stronger customer demand.
- Capital Expenditures: Alphabet expects to invest approximately $75 billion in capital expenditures in 2025 to accelerate progress.
Overall, Alphabet's Q4 2024 results reflect strong momentum across the business, driven by AI leadership and continued strength in core businesses like Search and YouTube.
You can find more detailed information in the official earnings release:
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