Alphabet shares drop on company revenue miss
Posted: Feb 04, 2025
- Alphabet (parent company of Google) reported Q4 earnings in 2024
- Revenue slightly below expectations at $96.47 billion
- Earnings per share beat expectations at $2.15
- YouTube advertising revenue exceeded expectations at $10.47 billion
- Google Cloud revenue fell short of expectations at $11.96 billion
- Traffic acquisition costs below expectations at $14.89 billion
- Alphabet shares dropped 7% after missing revenue expectations in Q4
- The company plans to invest $75 billion in capital expenditures in 2025 to expand its AI strategy
- Other key numbers include revenue of $96.47 billion, earnings per share of $2.15, YouTube advertising revenue of $10.47 billion, Google Cloud revenue of $11.96 billion, and Traffic acquisition costs of $14.89 billion
- Overall revenue grew nearly 12% year over year
- Q4 net income increased by over 28%
- Despite a miss, cloud revenue grew by 30% year over year
- Other segments like search business and advertising revenue saw growth
- Waymo, Alphabet's self-driving car unit, making progress in commercialization with international expansion plans in Tokyo
- Updates on other tech news including DeepSeek's AI, Tesla's bitcoin profit, and Meta's earnings
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