Google's Alphabet Q4 and FY2023 report shows flat revenue, increasing profits

Ivan, 31 January 2024

Google's parent company Alphabet posted its fourth-quarter and full year 2023 report. While far from a disaster the numbers came short of the expectations, sending the stock tumbling down 6% at time of writing.

Alphabet's revenues in Q4 were $86 billion - up 13% compared to Q4 of 2022. Meanwhile, the company's total unaudited revenue for 2023 is $307 billion - 9% more than in 2022.

Alphabet posted good Q4 results - ended the fiscal year on a 9% high

Alphabet CEO Sundar Pichai said "We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud". He added that both already benefit from the company's investment in AI and innovation and that the best is yet to come, now in the Gemini era.

Breaking down Alphabet's $86 billion in revenue, Search is the biggest earner, distantly followed by various subscription services.

Alphabet posted good Q4 results - ended the fiscal year on a 9% high

The company as a whole posted a net profit of $23.7 billion for 2023, compared to $18.2 billion for 2022.

Source (PDF)


Reader comments

  • SpaceQ
  • 02 Feb 2024
  • mEu

you meant ....Thats why layofs .. optimizing to keep stock holders happy... goes against original principals of Google... google wanted to be different... now this step is just another vanila corporate step :/

  • Anonymous
  • 01 Feb 2024
  • tDI

nah. even with 8gen2 google definitely keep the current pricing, albeit with lower profit margin.

  • Anonymous
  • 31 Jan 2024
  • 0p}

It reminds me famous fast food chains. "Unable" to pay decent wages, but able to spends millions to sponsor sports.

Popular articles


Popular devices

Electric Vehicles