Alphabet, the mother company of Google, publishes its data on profits each quarter.
Sundar Pichai, who is the CEO of Google and Alphabet, joins the calls for results to deliver updates and answer questions.
Here is a ventilation of the income and the financial history of alphabet.
Alphabet Q4 Gains 2024
The profits from the fourth quarter of alphabet have slightly missed expectations, resulting in decreasing shares.
The technology giant raised $ 96.5 billion in income, a gain of 12% compared to a year ago. Share’s profit came to $ 2.15 above the consensus.
While Pichai praised the momentum in the initiatives of the company’s artificial intelligence, an slowing down cloud company and a larger than expected the CAPE 2025 have discouraged investors.
Alphabet plans to spend $ 75 billion in capital expenses this year, well above the expected figure of $ 57.9 billion.
Alphabet Q3 Gains 2024
The profits of the third quarter beat the estimates, sending actions increasing after the closing bell.
Alphabet has exceeded expectations on almost all fronts, revenues increasing by 15% in annual sliding to 88.3 billion dollars. The profit per share increased to $ 2.12.
Google Cloud was a particular light point for the company, as “accelerated growth” in AI cloud products increasing income by 35%.
“Today, more than a quarter of the whole new code at Google is generated by the AI, then examined and accepted by the engineers,” added Pichai, speaking of AI initiatives in the company.
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Alphabet Q2 Gains 2024
While Alphabet has exceeded the profits, the second trimester report is always disappointed by key areas.
Income increased by 14% on an annual basis, reaching $ 84 billion for the quarter. Share’s profit came to $ 1.89.
However, 8.66 billion dollars in YouTube advertising revenue sub-observed Wall Street, which provides $ 8.95 billion.
Quarterly capex, reaching $ 13.2 billion, was higher than expected.
Alphabet Q1 Gains 2024
The report on alphabet profits in April 2024 exceeds analysts’ projections, sending arrow actions.
The company declared a bump of revenue of 15% from one year to the next, revenues of $ 80.5 billion, and also issued its first dividend per share of $ 0.20.
During the call for earnings, Pichai praised Google Search, YouTube and Google Cloud “solid” performance. He also brilliantly talked about the company’s breakthroughs in artificial intelligence and said that Alphabet was in his “Era Gemini”, a reference to the Gemini Ai chatbot of Google.
Google has gradually integrated AI into its main products, such as YouTube and Workspace, the continuation of productivity programs like Gmail, Google Calendar and Google Drive.
“Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” said Pichai.
Alphabet Gains Q4 2023
Alphabet beat the expectations of its fourth quarter of 2023, although Google’s advertising sales are slightly lower than analyst projections, causing a decrease in actions.
Alphabet revenues increased to $ 86.3 billion, up 13%, and the company declared a net profit of $ 20.28 billion with $ 1.64 per diluted share.
In the call of the results, Pichai noted that Google had just launched its new model of IA Gemini and pointed out that “the best is to come”.
Alphabet Q3 Gains 2023
The profits from the third quarter of alphabet have exceeded the estimates of analysts, beating income and profits. But Google’s actions fell 10% after its cloud activity failed Wall Street expectations.
Google Cloud’s income increased by $ 22% to $ 8.4 billion, but compared to 28% growth in the previous quarter.
When calling the results, Pichai noted that the company expanded and deployed new AI services, and said that the company was “excited and confident” for its future prospects.
History of alphabet gains
Alphabet – Composed of Google and a collection of other companies called other Paris – had a tumultuous 2023, revealing its most ambitious artificial intelligence technology and with an annual turnover of 307.39 billion dollars, but also by adding around 6% of the company.
Like many technological companies in the post-payic era, Alphabet has sought to reduce costs and implement layoffs. Alphabet dismissed some 12,000 employees in 2023 and at the end of the fourth quarter, the company said it had around 182,500 employees.
Managers also warned that the layoffs are not completed – Pichai has provided more job cuts throughout 2024. Pichai explained that Google’s licensees were intentionally slow because the company “takes the time to do so properly and well”.
However, the market capitalization of alphabet reached 2 dollars billions in the spring of 2024, a new step which made Google the fourth public company in the world.
The majority of alphabet revenues come from Google, since the parent company was formed for the first time in 2015. Other bets – which include companies like Waymo, Verily, Equity Investment Fund Capital G, and the Google X research and development unit – generates most of its income from health care services, but also reports large operating losses.
In the first quarter of 2024, other bets recorded income of $ 495 million, but declared an operating loss of $ 1 billion.
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