Alphabet’s profit report Q4 2024

Google Mother Company alphabet The shares fell to 8 % in trading after Tuesday hours after the company informed the results of the fourth quarter that missed revenue expectations.

The company has also announced that it plans to invest $ 75 billion of capital expenditures in 2025 as it continues to expand the artificial intelligence strategy. The profits for the share victory is a winner by two cents.

Here are the numbers:

• profit: 96.47 billion dollars for $ 96.56 billion expected by LSEG
• Arrow’s profits: $ 2.15 for $ 2.13 expected by LSEG

Below are other numbers that Wall Street was watching:

• Adube ads revenue: 10.47 billion dollars for $ 10.23 billion, according to the street
• Google Cloud: 11.96 billion dollars for $ 12.19 billion, according to the street
• Traffic acquisition costs (TAC): 14.89 billion dollars for $ 15.01 billion, according to Streetaccount

The total revenue of Alphabet grew about 12 % on an annual basis, which fell from the growth of revenue, more than 13 % that the company witnessed in the same quarter of last year.

The net income of the fourth quarter of the company increased by more than 28 % to 26.54 billion dollars from 20.69 billion dollars in the previous year.

Alphabet also mentioned disappointing cloud revenue at $ 11.96 billion in a quarter, compared to $ 12.19 billion, expected to Wall Street solutions. Despite Miss, the revenues of the cloud unit increased by 30 % over the previous year. Alphabet got a profit from cloud business as she tries to keep up with market leaders Amazon Web services and Microsoft I visit.

The company’s research works amounted to $ 54.03 billion, an increase of 48.02 billion dollars a year ago. Google’s advertising revenues amounted to $ 72.46 billion, an increase of 65.52 billion dollars a year ago.

The company’s other Bets chip of the company, which includes the company’s Verile and Waymo Life Unit, has its revenue of $ 400 million in the fourth quarter. This came behind Wall Street’s expectations of $ 616.4 million, according to Street Calcount, and more than 39 % decreased from 657 million dollars in the same quarter of last year.

Alphabet has released a series of ads in the fourth quarter related to Waymo, which indicates confidence in its ability to market the auto -driving car more quickly.

Waymo’s Robotaxi is now working in Los Angeles, San Francisco and Phenix, which covers more than 500 square miles of public roads. In December, the company said it plans to launch its commercial service at Austin, Texas, And through Uber app in Austin and Atlanta In 2025, the company also announced that it would start testing Waymo in Tokyo, First international expansion.

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