From CNBC:

Alphabet is set to report fourth-quarter earnings, expecting $1.59 earnings per share and $85.33 billion in revenue. The company’s shares hit a record high last week due to cost-cutting measures and growth fueled by the digital ad market and mobile ads. However, revenue growth is still slow in comparison to historical standards.

Analysts anticipate revenue growth of over 12% for the quarter ending on Dec. 31, with YouTube and Google Cloud as major drivers. CEO Sundar Pichai is focused on investing in AI and embedding new generative AI tools. The company has announced job cuts as part of its cost-cutting efforts, despite maintaining investor confidence.

Alphabet’s cost-cutting measures have led to increased investor confidence, and the company is set to release its earnings alongside Microsoft. YouTube and Google Cloud revenues are expected to be significant drivers of growth. CEO Sundar Pichai is focused on AI investments and cost-cutting despite recent job layoffs.



Read more: Alphabet (GOOGL) Q4 earnings report 2023