Alphabet Inc. (NASDAQ: GOOGL) filed its 2024 10-K annual report on February 4, 2025, providing key insights into its financial performance, growth strategy, and future outlook. Below are the major highlights:

Financial Performance (FY 2024)

• Total Revenue: $96.5 billion in Q4 2024, up 12% YoY.
• Google Services Revenue: $84.1 billion (+10% YoY), driven by Search and YouTube Ads.
• Google Cloud Revenue: $12.0 billion, surging 30% YoY, led by strong demand for AI-powered solutions.
• Operating Income: Increased 31% YoY, with an operating margin expansion of 5 percentage points to 32%.
• Net Income: Grew 28% YoY.
• Earnings Per Share (EPS): $2.15, reflecting a 31% increase from the previous year.

Google Cloud & AI Growth

• Alphabet’s Cloud business exited 2024 with a $110 billion annual revenue run rate.
• Increased investments in AI infrastructure, machine learning, and Generative AI solutions.

Customer Backlog & Future Revenue Outlook

• Total backlog: $93.2 billion, primarily from Google Cloud contracts.
• Revenue recognition timeline:
  • ~50% expected within the next 24 months.
  • Remaining portion to be recognized beyond two years.
• Backlog reflects strong customer demand and multi-year enterprise contracts.
• Excludes short-term (less than one-year) or cancellable contracts.

Capital Expenditures & Strategic Investments

• Alphabet plans to invest $75 billion in capital expenditures in 2025 to drive innovation in AI, Cloud, and infrastructure.
• CEO Sundar Pichai emphasized continued AI-driven product development and long-term growth initiatives.

Stock Performance

• As of the latest trading session, GOOGL stock is at $191.33, with an intraday range of $188.04 – $192.78.

Final Thoughts

Alphabet’s 2024 10-K filing highlights a strong growth trajectory, with significant expansion in Google Cloud, AI, and digital advertising. The $93.2 billion backlog and $75 billion in planned capital expenditures underscore the company’s long-term commitment to scaling AI and Cloud innovations.

For investors, Alphabet’s ability to monetize AI, sustain ad revenue growth, and capitalize on Cloud demand will be key performance drivers in 2025 and beyond.