Catenaa, January 05, 2025 – Alphabet Inc. posted stronger-than-expected fourth-quarter earnings but missed revenue estimates, the company announced Friday.
The tech giant reported earnings of $2.15 per share, surpassing analyst expectations by $0.03. However, revenue came in at $96.47 billion, slightly below the projected $96.7 billion.
Despite the revenue miss, Alphabet’s stock has surged, gaining 15.48% in the past three months and 43.32% over the past year.
CEO Sundar Pichai highlighted the company’s advancements in artificial intelligence, cloud computing, and YouTube’s continued dominance in streaming.
“We delivered another strong quarter in Q4, driven by our leadership in AI and our unique full-stack approach,” Pichai said.
Alphabet’s AI division saw significant progress with the release of Gemini 2.0 and enhancements to its AI infrastructure. Google Cloud continued its expansion with AI-powered services, while YouTube maintained its top spot in U.S. streaming watch time.
Waymo, Alphabet’s self-driving unit, reported growth in passenger trips and expanded operations into new markets.
Despite challenges, Alphabet’s financial outlook remains strong. InvestingPro maintained a high financial health score for the company, signaling investor confidence.
CEO Pichai’s LinkedIn post can be seen here.
