Most numbers met but didnt exceed forecasts at a time of very high expectations for tech stocks.
Google Search & other advertising saw revenue of $48 billion, from $42.6 billion.
Google data pipe saw ad revenue of $8.3 billion versus $8.5 billion.
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So total Google advertising including YouTube of $65.5 billion was up from $59 billion.
Cloud Services was strong, with revenue of $9.2 billion, up from $7.3 billion.
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Alphabet consolidated revenue was up 18% at $86 billion.
EPS of $1.64 was up from $1.05.
We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud.
Each of these is already benefiting from ourAIinvestments and innovation.
CFO Ruth Porat said, We ended 2023 with very strong fourth-quarter financial results.
Investing in AI costs and the company as a result has had rounds oflayoffs.
A wave in January 2023 resulted in employee severance and related charges of $2.1 billion for the year.
Execs will go over the numbers on a call today at 4:30 p.m.
