Categories AlphaGraphs, Earnings, Technology

Alphabet (GOOGL/GOOG) Q4 revenue jumps 23% on search power

Alphabet Inc. (NASDAQ: GOOGL, GOOG), the company that owns the world’s largest internet search service, Tuesday reported a 23% growth in fourth-quarter revenues, supported by broad-based growth across all the key business segments.

Alphabet Q4 2020 earnings infographic

Total revenues climbed 23% to $56.9 billion in the three months ended December 2020. Revenue from Google, the largest business division, increased 22%, with the cloud business growing 47%. Analysts were looking for a slower top-line growth.

Google Advertising Revenue Trend

The company said fourth-quarter net income rose to $15.23 billion or $22.30 per share from $10.67 billion or $15.35 per share in the corresponding period of last year. Earnings far exceeded the consensus estimates.

Read management/analysts’ comments on Alphabet’s Q4 report

Alphabet’s stock, which set a new record this week, closed Tuesday’s trading at $1,927.51 and gained further after the announcement.

  • Alphabet - Google - GOOG - GOOGL - Q2 2020 Earnings Infograph
  • Alphabet Announces First Quarter 2020 Results


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