Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024.
Gonzalo Fuentes | Reuters
Alphabet reported fourth-quarter earnings on Wednesday after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share: $2.82 vs. $2.63 estimatedRevenue: $113.83 billion vs. $111.43 billion estimated
Wall Street was also watching several other numbers in the report:
Google Cloud: $17.66 billion vs. $16.18 billion, according to StreetAccountYouTube advertising: $11.38 billion vs. $11.84 billion, according to StreetAccount Traffic acquisition costs: $16.59 billion vs. $16.20 billion, according to StreetAccount
The company said it expects 2026 capital expenditures to be in the range of $175 to $185 billion — nearly double its 2025 spend.
This is breaking news. Please check back for updates.
WATCH: Google DeepMind CEO on state of the AI race, push towards AGI and AI impact on jobs
