Alphabet (GOOGL) surpasses Q4 revenue and earnings expectations, stock price rises 7%

From Barchart: 2025-02-05 13:30:02

Google’s parent company, Alphabet, reported a revenue of $61.88 billion in Q4 2020, beating analysts’ expectations. The company’s advertising business saw a 22% increase in revenue, totaling $46.20 billion. Alphabet’s cloud computing segment generated $3.83 billion in revenue, up 47% from the previous year.

Alphabet’s net income for Q4 2020 was $15.23 billion, marking a significant increase from the $8.95 billion reported in the same period last year. The company’s earnings per share came in at $22.30, surpassing analysts’ estimates of $15.90. Alphabet’s stock price rose by 7% following the earnings report.

Google’s search advertising revenue totaled $31.91 billion in Q4 2020, up 17% from the previous year. YouTube advertising revenue reached $6.89 billion, representing a 46% year-over-year increase. The company’s “Other Bets” segment, which includes businesses like Waymo and Verily, reported a revenue of $196 million.

Alphabet’s CFO, Ruth Porat, highlighted the company’s focus on innovation and investment in future growth opportunities. Google CEO Sundar Pichai emphasized the importance of artificial intelligence and machine learning in driving the company’s success. Alphabet’s strong financial performance in Q4 2020 reflects its continued dominance in the tech industry.



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