Q4 24 EPS
$2.15
BEAT +0.94%
Est. $2.13
Q4 24 Revenue
$96.47B
Full Year 2024 Results
FY 24 EPS
$8.04
FY 24 Revenue
$350.02B
Did GOOGL Beat Earnings? Q4 2024 Results
Alphabet closed out 2024 on a strong note, posting Q4 earnings per share of $2.15 against a consensus estimate of $2.13, a beat of 0.94%, as revenue climbed 11.8% year over year to $96.47 billion. The primary engine behind the quarter was a broad acc… Read more Alphabet closed out 2024 on a strong note, posting Q4 earnings per share of $2.15 against a consensus estimate of $2.13, a beat of 0.94%, as revenue climbed 11.8% year over year to $96.47 billion. The primary engine behind the quarter was a broad acceleration across Google's core businesses, with Google Search revenue reaching $54.03 billion and Google Cloud standing out as a particular bright spot, surging 30% to $11.96 billion while its operating income more than doubled to $2.09 billion from $864 million a year ago. Operating margins expanded five percentage points to 32%, reflecting the company's ability to grow efficiently even as AI investment intensified, and net income rose 28% to $26.54 billion for the quarter. Alphabet's stock fell roughly 10% following the report, with some investors citing concerns about the scale of future spending, as CEO Sundar Pichai guided toward approximately $75 billion in capital expenditures for 2025 to accelerate AI infrastructure, a commitment that signals confidence in long-term demand even as it weighs on near-term sentiment.
Key Takeaways
- • Strong momentum in Google Search & other advertising revenues
- • YouTube ads revenue growth to $10.5 billion
- • Google Cloud revenue growth of 30% driven by GCP, AI Infrastructure, and Generative AI Solutions
- • Operating margin expansion of 5 percentage points to 32%
- • Efficiency gains and compute optimization
GOOGL YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Q4 was a strong quarter driven by our leadership in AI and momentum across the business. We are building, testing, and launching products and models faster than ever, and making significant progress in compute and driving efficiencies. In Search, advances like AI Overviews and Circle to Search are increasing user engagement. Our AI-powered Google Cloud portfolio is seeing stronger customer demand, and YouTube continues to be the leader in streaming watchtime and podcasts. Together, Cloud and YouTube exited 2024 at an annual revenue run rate of $110 billion. Our results show the power of our differentiated full-stack approach to AI innovation and the continued strength of our core businesses. We are confident about the opportunities ahead, and to accelerate our progress, we expect to invest approximately $75 billion in capital expenditures in 2025.”
— Sundar Pichai, Q4 2024 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 | — |