Summary
Alphabet Cl A Misses
Alphabet Cl A (GOOGL) reported Quarter December 2023 earnings of $1.64 per share on revenue of $86.3 billion. The consensus earnings estimate was $1.60 per share on revenue of $85.3 billion. The Earnings Whisper number was $1.68 per share. Revenue grew 13.5% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Results
Reported Earnings
$1.64
Earnings Whisper
$1.68
Consensus Estimate
$1.60
Reported Revenue
$86.31 Bil
Revenue Estimate
$85.26 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Alphabet Announces Fourth Quarter and Fiscal Year 2023 Results
MOUNTAIN VIEW, Calif. – January 30, 2024 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2023.
Sundar Pichai, CEO, said: “We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud. Each of these is already benefiting from our AI investments and innovation. As we enter the Gemini era, the best is yet to come.”
Ruth Porat, President and Chief Investment Officer; CFO said: “We ended 2023 with very strong fourth quarter financial results, with Q4 consolidated revenues of $86 billion, up 13% year over year. We remain committed to our work to durably re-engineer our cost base as we invest to support our growth opportunities.”
For the full earnings release, please go here.