Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.
Alphabet beat on the top and bottom lines in its fourth-quarter earnings report on Wednesday, and said it expects to significantly increase spending on artificial intelligence in 2026.
The stock rose slightly in extended trading.
Here's how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share: $2.82 vs. $2.63 estimated
$2.82 vs. $2.63 estimated Revenue: $113.83 billion vs. $111.43 billion estimated
Wall Street was also watching several other numbers in the report:
Google Cloud: $17.66 billion vs. $16.18 billion, according to StreetAccount
$17.66 billion vs. $16.18 billion, according to StreetAccount YouTube advertising: $11.38 billion vs. $11.84 billion, according to StreetAccount
... continue reading