GOOGL
Alphabet Inc
Q4 2024 Report
Alphabet Inc (GOOGL) Q4 2024 Financial Results - Strong Growth Driven by AI and Cloud Innovations...
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Executive Summary
Alphabet Inc reported robust financial results in Q4 2023, with total consolidated revenues reaching $86.3 billion, up 13% year-over-year (YoY). Notable drivers included a 12% increase in Google Services revenue, fueled by a 13% rise in Search and other advertising segments. AI advancements have been significant, particularly with the introduction of the Gemini model, which is enhancing search capabilities. Additionally, subscription services exceeded expectations, with revenue growth to $15 billion annually, highlighting the success of YouTube Premium and Google One. The management remains optimistic about sustained growth into 2024, particularly with strategic investments in AI and Cloud services.
Key Performance Indicators
Revenue
86.31B
QoQ: 12.54% | YoY:13.49%
Gross Profit
48.74B
56.50% margin
QoQ: 12.13% | YoY:19.72%
Operating Income
23.70B
QoQ: 11.03% | YoY:30.49%
Net Income
20.69B
QoQ: 5.07% | YoY:51.84%
EPS
1.66
QoQ: 5.73% | YoY:56.60%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $86.3 billion (up 13% YoY)
- **Net Income:** $20.7 billion (up 51.84% YoY)
- **EPS:** $1.64 (up 56.60% YoY)
- **Operating Income:** $23.7 billion (up 30% YoY)
- **Free Cash Flow:** $7.9 billion