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

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

PM Earnings: Key quarterly highlights from Philip Morris Q3 financial results

Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to

Halliburton stock slips on weaker-than-expected Q3 results

Halliburton (NYSE: HAL) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The company reported Q3 revenue of $3.9 billion, up 30% year-over-year and lower than the

Johnson & Johnson (JNJ) reports Q3 2021 earnings

Johnson & Johnson (NYSE: JNJ) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The pharmaceutical giant reported revenue of $23.3 billion, up 10.7% year-over-year, with operational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top