Reported about 5 hours ago
Alphabet Inc., Google's parent company, reported fourth-quarter revenue of $81.6 billion, falling short of the $82.8 billion analysts expected, leading to an 8% drop in shares. The slowdown in cloud sales, which totaled around $12 billion, and a significant increase in projected capital expenditures raised concerns among investors amid competition in the AI sector. While search advertising slightly exceeded expectations with $54 billion, key business units like YouTube also performed well, reporting revenue of $10.5 billion.
Source: YAHOO