Q4 23 EPS
$1.64
BEAT +3.14%
Est. $1.59
Q4 23 Revenue
$86.31B
BEAT +1.15%
Est. $85.33B
vs S&P Since Q4 23
+123.3%
BEATING MARKET
GOOGL +172.5% vs S&P +49.2%
Full Year 2023 Results
FY 23 EPS
$5.80
FY 23 Revenue
$307.39B
Market Reaction
Did GOOGL Beat Earnings? Q4 2023 Results
Alphabet closed out fiscal 2023 on a strong note, posting fourth-quarter earnings per share of $1.64 against a consensus estimate of $1.59, a beat of 3.14%, while revenue of $86.31 billion topped expectations of $85.33 billion and grew 13.5% year ove… Read more Alphabet closed out fiscal 2023 on a strong note, posting fourth-quarter earnings per share of $1.64 against a consensus estimate of $1.59, a beat of 3.14%, while revenue of $86.31 billion topped expectations of $85.33 billion and grew 13.5% year over year. The standout driver behind the quarter's margin expansion was Google Cloud, which generated $9.19 billion in revenue and swung to an operating profit of $864 million, compared to an operating loss of $186 million in the year-ago period, underscoring the segment's growing contribution to Alphabet's bottom line. Google Search remained the company's core revenue engine at $48.02 billion, while YouTube ads climbed to $9.20 billion from $7.96 billion a year earlier. Operating margin widened to 27% from 24%, reflecting sustained cost discipline that has characterized much of the broader tech sector's posture heading into 2024. CEO Sundar Pichai framed the results around artificial intelligence momentum, positioning Alphabet firmly in what he called the "Gemini era."
Key Takeaways
- • Ongoing strength in Google Search revenue, growing to $48.0 billion from $42.6 billion YoY
- • YouTube ads revenue growth to $9.2 billion from $8.0 billion YoY
- • Google Cloud turning profitable with $864 million operating income vs. $186 million loss YoY
- • Google subscriptions, platforms, and devices revenue growth to $10.8 billion from $8.8 billion YoY
- • Operating margin expansion to 27% from 24% YoY
- • Cost base re-engineering including workforce reductions and office space optimization
GOOGL YoY Financials
Q4 2023 vs Q4 2022, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud. Each of these is already benefiting from our AI investments and innovation. As we enter the Gemini era, the best is yet to come.”
— Sundar Pichai, Q4 2023 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 | — |