February 24, 2024
London, UK

Alphabet (GOOGL) Earnings Report Disappoints

Alphabet GOOGL Google

Alphabet reported fourth-quarter earnings that disappointed investors.

Earnings per share reported at $1.05 below the expectations of $1.18 per share

Revenue was at $76.05 billion, below the estimates of $76.53 billion

Total advertising sales dropped to $59 billion; the forecasts were at $60.44 billion

YouTube advertising revenue was at $7.96 billion below the expectations of $8.25 billion

Google Cloud revenue came at $7.32 billion below the expectations of $7.43 billion

Traffic acquisition costs (TAC) were at $12.93 billion below the expectations of $13.32 billion

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