Alphabet Reports Strong Q4 Results, Crediting AI Investments as a Key Driver

Alphabet Reports Strong Q4 Results, Crediting AI Investments as a Key Driver

Alphabet reported strong fiscal fourth-quarter results, with revenues of $86.31 billion, up 13 year-over-year. Operating income grew to $23.7 billion, and net income soared to $20.68 billion, driven by investments in AI across Search, YouTube, and Cloud. Revenues were boosted by growth in key areas like Search, YouTube, and Cloud, demonstrating a strategic focus on AI. The tech titan recorded charges related to workforce reductions and office space optimization that impacted profits. Analysts will watch how further AItech investments shape GOOGL's financial trajectory in the "Gemini era.


User: Benzinga

Views: 31

Uploaded: 2024-01-31

Duration: 00:37

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