Google achieved strong fourth-quarter results with over 10% digital ad growth for a third straight quarter and more than 30% sales growth in its data-center division that supports AI services. Those gains pushed Alphabet past analyst earnings forecasts, producing a 30% rise in quarterly profit to $34.5 billion and 18% revenue growth to $113.8 billion. Alphabet's stock jumped nearly 60% in five months, valuing the company at about $4 trillion, despite investor concern about rising data-center costs. Google is embedding Gemini across Search, Gmail and Chrome and struck a deal with Apple to use Gemini for Siri.
"The numbers released Wednesday marked Google's third consecutive quarter of digital ad growth of more than 10% from the previous year, while also posting more than 30% sales growth in its division that powers data centers for AI services. Those increases during the October-December period propelled Google's corporate parent Alphabet Inc. well past the earnings forecasts of stock market analysts. Alphabet's fourth-quarter profit rose 30% from the prior year to $34.5 billion, or $2.82 per share, while revenue climbed 18% to $113.8 billion."
"Google's successful evolution has helped drive up Alphabet's stock price nearly 60% in the past five months, giving it a $4 trillion market value. The company's shares gained about 2% in extended trading after initially dipping amid investor concerns about the soaring costs of building more data centers to support Google's charge into the AI age. ."
Read at MyNorthwest.com
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