Alphabet brought in almost $100 billion in Q4, and investors still aren’t satisfied
Alphabet's 12% YOY gain falls short of analyst estimates.
- Alphabet shares its Q4 2024 financial figures, including $96.5 billion in revenue.
- Search, YouTube, and cloud sales are all up, but cloud in specific fell short of analyst estimates.
- Stock prices immediately dove in response to the news, dropping some 8%.
Last time we checked in on Google (or rather, parent company Alphabet) sharing financial figures, it was riding high on the Pixel 9 wave, and Q3 2024 numbers showed strong performance across Search, YouTube, and cloud efforts. While its momentum looked great at the time, this is also an industry where new players like DeepSeek can seemingly emerge overnight, throwing off everyone’s expectations. Now Alphabet has its Q4 figures ready to share, and this time around the company’s performance feels a little more nuanced.
Total Alphabet revenue for the quarter reaches about $96.5 billion, and while that’s absolutely up from the $86.3 billion reported across the same quarter last year, that does represent a slight slowdown in the rate at which revenue’s growing. The good news is that margins are up, as is income across major Google services: Search brought in $54 billion, while YouTube generated $10.4 billion.
