Q4 22 EPS
$1.05
MISS 11.02%
Est. $1.18
Q4 22 Revenue
$76.05B
MISS 0.63%
Est. $76.53B
vs S&P Since Q4 22
+203.6%
BEATING MARKET
GOOGL +278.4% vs S&P +74.8%
Full Year 2022 Results
FY 22 EPS
$4.56
FY 22 Revenue
$282.84B
Market Reaction
Did GOOGL Beat Earnings? Q4 2022 Results
Alphabet closed out 2022 on a disappointing note, missing Wall Street expectations on both the top and bottom lines as a broad advertising downturn and persistent foreign exchange headwinds weighed heavily on results. The internet giant posted fourth… Read more Alphabet closed out 2022 on a disappointing note, missing Wall Street expectations on both the top and bottom lines as a broad advertising downturn and persistent foreign exchange headwinds weighed heavily on results. The internet giant posted fourth-quarter earnings of $1.05 per diluted share, falling 11.02% short of the $1.18 consensus estimate, while revenue of $76.05 billion edged just 1.0% higher year over year and came in 0.63% below analyst forecasts. The primary culprit was a sharp pullback in Google's advertising business, where total ad revenue slid to $59.04 billion from $61.24 billion a year earlier, with YouTube alone declining to $7.96 billion from $8.63 billion. Google Cloud offered a relative bright spot, growing to $7.32 billion while narrowing its operating loss. Net income fell to $13.62 billion from $20.64 billion a year ago. Looking ahead, Alphabet flagged roughly $1.90 billion to $2.30 billion in severance charges tied to a 12,000-person workforce reduction, a cost-cutting move that mirrors a sweeping pullback seen across the broader technology sector.
Key Takeaways
- • Google Cloud revenue growth to $7.3 billion from $5.5 billion with narrowing operating losses
- • U.S. revenue grew 6% year over year to $37.0 billion
- • Constant currency revenue growth of 7% versus 1% as reported, reflecting significant FX headwinds
- • YouTube subscriptions and Pixel devices momentum cited by CEO
GOOGL YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our long-term investments in deep computer science make us extremely well-positioned as AI reaches an inflection point, and I'm excited by the AI-driven leaps we're about to unveil in Search and beyond. There's also great momentum in Cloud, YouTube subscriptions, and our Pixel devices. We're on an important journey to re-engineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet.”
— Sundar Pichai, Q4 2022 Earnings Press Release
GOOGL Earnings Trends
GOOGL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOGL EPS Trend
Earnings per share: estimate vs actual
GOOGL Revenue Trend
Quarterly revenue: estimate vs actual
GOOGL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.11 | — | $109.90B | +2.67% |
| Q4 25 BEAT FY | $2.63 | $2.82 | +7.22% | $113.83B | — |
| FY Full Year | $10.60 | $10.81 | +2.03% | $402.84B | +0.62% |
| Q3 25 BEAT | $2.27 | $2.87 | +26.70% | $102.35B | +2.20% |
| Q2 25 BEAT | $2.20 | $2.31 | +5.04% | $96.43B | +2.61% |
| Q1 25 BEAT | $2.01 | $2.81 | +39.75% | $90.23B | +1.21% |
| Q4 24 BEAT FY | $2.13 | $2.15 | +0.94% | $96.47B | — |
| FY Full Year | — | $8.04 | — | $350.02B | — |
| Q3 24 BEAT | $1.84 | $2.12 | +15.22% | $88.27B | +2.28% |
| Q2 24 BEAT | $1.84 | $1.89 | +2.72% | $84.74B | +0.65% |
| Q1 24 BEAT | $1.51 | $1.89 | +25.17% | $80.54B | +2.48% |
| Q4 23 BEAT FY | $1.59 | $1.64 | +3.14% | $86.31B | +1.15% |
| FY Full Year | — | $5.80 | — | $307.39B | — |
| Q1 23 BEAT | $1.06 | $1.17 | +10.38% | $69.79B | +1.31% |
| Q4 22 MISS FY | $1.18 | $1.05 | -11.02% | $76.05B | -0.63% |
| FY Full Year | — | $4.56 | — | $282.84B | — |