The earnings call presented a strong performance in revenue growth, particularly in cloud and AI advancements, alongside challenges in network advertising and cloud capacity constraints. The outlook for 2025 includes potential revenue headwinds due to currency fluctuations and leap year effects.

Company Guidance

During the Alphabet earnings call for the fourth quarter of fiscal year 2024, significant guidance and metrics were discussed across various segments. Sundar Pichai highlighted the company's robust growth, driven primarily by advancements in AI, with AI overviews now available in over 100 countries and contributing to increased user satisfaction in Search. Alphabet achieved a combined annual revenue run rate of $110 billion for Cloud and YouTube, exceeding their initial target of $100 billion. Google Cloud revenues grew by 30% year-over-year, reaching $12 billion in Q4, while YouTube advertising revenue increased by 14% to $10.5 billion. The company also experienced a notable uptick in its AI-powered platforms, with Vertex AI seeing a 5x increase in customers and a 20x increase in usage over the year. Overall, Alphabet's total revenue for 2024 grew by 14%, reaching $350 billion, with a significant contribution from Google Services, which posted $84 billion in Q4 alone. The company plans to invest approximately $75 billion in capital expenditures in 2025 to support continued growth, particularly in technical infrastructure and AI initiatives.

Record Annual Revenue

Alphabet's revenue for 2024 reached $350 billion, up 14% on a reported basis and 15% in constant currency versus 2023.

Google Cloud Growth

Google Cloud revenue increased by 30% to $12 billion in the fourth quarter, reflecting growth in GCP across core GCP products, AI infrastructure, and generative AI solutions.

AI and Infrastructure Advancements

Introduction of Gemini 2.0, significant progress in AI models, and development of new cloud regions and data centers.

YouTube and Google Services Performance

Google Services revenues were $84 billion for the quarter, up 10%, with YouTube advertising revenues increasing 14% to $10.5 billion.

Strong Cash Flow

Free cash flow of $24.8 billion in the fourth quarter and $72.8 billion for the full year 2024.

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Alphabet Class A (GOOGL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GOOGL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2018	2018 (Q2)	- / 0.59	0.25	135.20% (+0.34)	―	―
Oct 25, 2018	2018 (Q3)	- / 0.65	0.478	36.61% (+0.18)	―	―
Feb 04, 2019	2018 (Q4)	- / 0.64	0.485	31.55% (+0.15)	―	―
Apr 29, 2019	2019 (Q1)	- / 0.47	0.666	-28.68% (-0.19)	―	―
Jul 25, 2019	2019 (Q2)	- / 0.71	0.588	20.75% (+0.12)	―	―
Oct 28, 2019	2019 (Q3)	- / 0.51	0.653	-22.51% (-0.15)	―	―
Feb 03, 2020	2019 (Q4)	- / 0.77	0.638	20.38% (+0.13)	―	―
Apr 28, 2020	2020 (Q1)	- / 0.49	0.475	4.00% (+0.02)	―	―
Jul 30, 2020	2020 (Q2)	- / 0.51	0.71	-28.73% (-0.20)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.82	0.506	62.06% (+0.31)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GOOGL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 04, 2025	$206.38	$191.33	-7.29%
Oct 29, 2024	$169.48	$174.26	+2.82%
Jul 23, 2024	$181.34	$172.20	-5.04%
Apr 25, 2024	$155.44	$171.33	+10.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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