The earnings call highlighted Alphabet's strong financial performance with significant growth in revenue driven by AI and Cloud. The company achieved notable progress in AI innovations and infrastructure efficiency. However, challenges such as declining network revenues, capacity constraints in Cloud, and anticipated headwinds in 2025 due to financial services lapping and foreign exchange rates were noted.

Company Guidance

During the Alphabet fourth quarter and fiscal year 2024 earnings call, Sundar Pichai highlighted the company's strong performance, driven by advancements in AI and its full-stack capabilities. The Google Cloud and YouTube segments achieved a combined annual revenue run rate of $110 billion, exceeding initial expectations. The significant progress in AI infrastructure was marked by the development of 11 new cloud regions and data centers, along with the introduction of Gemini 2.0, a leading AI model. In terms of product innovation, AI overviews in Search and the Circle to Search feature contributed to increased user satisfaction and search usage. YouTube maintained its leading position in streaming watch time in the U.S., while Google Cloud saw a 30% revenue increase, highlighting strong demand for AI-powered solutions. The company's financial performance included a 12% increase in consolidated revenue, reaching $96.5 billion for Q4, and a 31% rise in operating income to $31 billion. Looking ahead, Alphabet plans to invest approximately $75 billion in capital expenditures for 2025, focusing on technical infrastructure and expanding AI capabilities.

Strong Revenue Growth

Alphabet's revenue for 2024 reached $350 billion, up 14% on a reported basis and 15% in constant currency versus 2023. Consolidated revenue for Q4 was $96.5 billion, a 12% increase.

AI and Cloud Milestones

Exited the year with AI and Cloud annual revenue run rate at $110 billion, surpassing the goal of $100 billion. Google Cloud revenue increased by 30% to $12 billion in Q4.

YouTube and Search Success

YouTube advertising revenue increased by 14% to $10.5 billion. Search and YouTube advertising showed strong growth, with Search revenue rising by 13%.

Infrastructure Efficiency

Google data centers deliver nearly 4x more computing power per unit of electricity compared to five years ago. This efficiency is attracting more cloud customers.

Innovations in AI

Introduction of Gemini 2.0, which advances in multi-modality and tool use. AI overviews are driving higher satisfaction and increased Search usage.

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Alphabet Class C (GOOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GOOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2025 (Q1)	2.02 / -	1.89	―	―	―
Feb 04, 2025	2024 (Q4)	2.12 / 2.15	1.64	31.10% (+0.51)	―
Oct 29, 2024	2024 (Q3)	1.84 / 2.12	1.55	36.77% (+0.57)	―
Jul 23, 2024	2024 (Q2)	1.85 / 1.89	1.44	31.25% (+0.45)	―
Apr 25, 2024	2024 (Q1)	1.51 / 1.89	1.17	61.54% (+0.72)	―
Jan 30, 2024	2023 (Q4)	1.59 / 1.64	1.05	56.19% (+0.59)	―
Oct 24, 2023	2023 (Q3)	1.46 / 1.55	1.06	46.23% (+0.49)	―
Jul 25, 2023	2023 (Q2)	1.34 / 1.44	1.21	19.01% (+0.23)	―
Apr 25, 2023	2023 (Q1)	1.08 / 1.17	1.231	-4.96% (-0.06)	―
Feb 02, 2023	2022 (Q4)	1.18 / 1.05	1.534	-31.55% (-0.48)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GOOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 04, 2025	$207.71	$193.30	-6.94%
Oct 29, 2024	$170.95	$175.94	+2.92%
Jul 23, 2024	$183.15	$173.94	-5.03%
Apr 25, 2024	$157.38	$173.07	+9.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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