Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search platform, reported a 1% growth in revenues to $76.05 billion for the fourth quarter of 2022. However, Google advertising revenue decreased by 4%. Net income […]

February 2, 2023 1 min read

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search platform, reported a 1% growth in revenues to $76.05 billion for the fourth quarter of 2022. However, Google advertising revenue decreased by 4%. Net income […]

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business.

Alphabet Q4 2022 earnings infographic

The company, which owns the largest internet search platform, reported a 1% growth in revenues to $76.05 billion for the fourth quarter of 2022. However, Google advertising revenue decreased by 4%.

Net income dropped to $13.6 billion or $1.05 per share during the three-month period from $20.64 billion or $1.53 per share in the fourth quarter of 2021.