Alphabet’s Q4 earnings soar, amid potential layoffs and strategic shifts

January 31, 2024

What you need to know

  • Alphabet’s Q4 earnings report shows a full-year revenue of $307 billion, a 9% increase from 2022
  • YouTube’s ad revenue in Q4 was $9.2 billion, while Google Cloud’s revenue was $9.1 billion at the end of 2023.
  • Despite positive figures analysts feel that this report is a big warning sign for ad-dependent companies

Google’s parent company, Alphabet, released its earnings report for Q4 and fiscal year 2023, which concluded at the end of December. The year-end call focused on Google’s investments in AI, including how it’s helping search and subscriptions reach $15 billion in annual revenue since 2019.

“Last year brought new excitement around Gen AI,” said CEO Sundar Pichai.

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