Alphabet beats by $0.02, reports revs in-line, Google Cloud revenue increased 30%; Expects to invest approximately $75 bln in capex in 2025 (207.71 +3.98)
- Reports Q4 (Dec) earnings of $2.15 per share, $0.02 better than the FactSet Consensus of $2.13; revenues rose 11.8% year/year to $96.47 bln vs the $96.68 bln FactSet Consensus.
- Google Search & Other revenue increased 12.5% yr/yr to $54.0 mln.
- YouTube Ads revenue increased 13.8% to $10.5 bln.
- Google Advertising revenue increased 10.6% to $72.5 bln.
- Google Cloud revenue increased 30.0% to $11.96 bln.
- Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%.
- Sundar Pichai, CEO, said: "Q4 was a strong quarter driven by our leadership in AI and momentum across the business. We are building, testing, and launching products and models faster than ever, and making significant progress in compute and driving efficiencies. In Search, advances like AI Overviews and Circle to Search are increasing user engagement. Our AI-powered Google Cloud portfolio is seeing stronger customer demand, and YouTube continues to be the leader in streaming watchtime and podcasts. Together, Cloud and YouTube exited 2024 at an annual revenue run rate of $110 billion. Our results show the power of our differentiated full-stack approach to AI innovation and the continued strength of our core businesses. We are confident about the opportunities ahead, and to accelerate our progress, we expect to invest approximately $75 billion in capital expenditures in 2025."