Google’s parent company, Alphabet, has announced its financial results for the fourth quarter of 2024, achieving a 12% year-over-year revenue growth despite tensions between the U.S. and China.
Alphabet’s Q4 2024 Revenue Reaches $96.47 Billion
The company reported $96.47 billion in revenue for Q4 2024, marking a 12% increase compared to $86.31 billion in Q4 2023. This growth is partly attributed to increased demand towards the end of the year, driven by Black Friday sales and holiday shopping.
CEO Sundar Pichai’s Statement:
“Q4 was a strong quarter driven by our leadership in AI and momentum across the business. We are building, testing, and launching products and models faster than ever, making significant progress in compute and efficiency. In Search, advances like AI Overviews and Circle to Search are increasing user engagement. Our AI-powered Google Cloud portfolio is seeing stronger customer demand, and YouTube remains the leader in streaming watch time and podcasts.”
Google Q4 2024 Financial Summary:
| Category | Q4 2024 Revenue | Q4 2023 Revenue | Change (%) |
|---|---|---|---|
| Total Revenue | $96.47 billion | $86.31 billion | +12% |
| Operating Income | $30.97 billion | – | – |
| Net Income | $26.54 billion | $20.69 billion | +28% |
| Alphabet (Previous Quarter Comparison) | $88.3 billion | $19.69 billion (net) | – |
| YouTube Ad Revenue | $10.47 billion | $9.2 billion | +13.8% |
| Google Cloud Revenue | $11.96 billion | $9.19 billion | +30% |
| Subscriptions, Platforms & Devices | $11.63 billion | $10.79 billion | +7.8% |
| Other Bets Revenue | $400 million | $657 million | -39% |
| Other Bets Loss | -$1.17 billion | -$863 million | -35% |
Alphabet’s YouTube revenue reached $10.47 billion, while Google Cloud saw $11.96 billion in revenue, reflecting a 30% increase. However, “Other Bets” (which includes experimental projects like Waymo and Verily) saw a decline in revenue and an increased loss.
With a $75 billion investment planned for 2025, Alphabet is positioning itself for further AI-driven growth in search, cloud, and subscription-based services.
