Alphabet Q4 2019 financial highlights
Mobile Random

Alphabet’s Q4 report shows slower than expected growth

Google’s parent company Alphabet put out its Q4 and 2019 fiscal year earnings report and the numbers show a slowdown in revenue growth despite an 18% jump in total revenues on a per-year basis. Revenue growth in the October-December period on the other hand was the lowest in the past 4 years. The report also revealed YouTube ad revenue figures for the first time – $15 billion, but the number is lower than analysts’ estimates which were in the $25 billion ballpark.

Alphabet Q4 2019 and fiscal year highlights

Google Cloud was another underperformer despite growing by 53% quarterly basis as it lags behind competitors like Microsoft Azure. Google Search on the other hand is growing at a solid pace and racked in an impressive $98 billion in 2019, up from $85 billion the year before. As a whole Google’s advertising business is growing at a steady 15% rate as it brought $38 billion in Q4 alone and $135 billion for the full 2019.

Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet.

I’m really pleased with our continued progress in Search and in building two of our newer growth areas — YouTube and Cloud.” – Sundar Pichai

While total revenues grew to $162 billion, revenues from Google’s “other” product category which includes hardware, Play Store and non-advertising YouTube profits were yet again unimpressive at $5 billion. The “other bets” projects which include Waymo, Verily and Google Fiber continued to operate at a loss – they bled over $2 billion in 2019.

Source | Via

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