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Wednesday, January 31, 2024

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

What that you must know

  • Alphabet’s This fall earnings report exhibits a full-year income of $307 billion, a 9% enhance from 2022
  • YouTube’s advert income in This fall was $9.2 billion, whereas Google Cloud’s income was $9.1 billion on the finish of 2023.
  • Regardless of constructive figures analysts really feel that this report is an enormous warning signal for ad-dependent corporations

Google’s mother or father firm, Alphabet, launched its earnings report for This fall and financial yr 2023, which concluded on the finish of December. The year-end name targeted on Google’s investments in AI, together with the way it’s serving to search and subscriptions attain $15 billion in annual income since 2019.

“Final yr introduced new pleasure round Gen AI,” stated CEO Sundar Pichai.

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