Hello everyone,
I have briefly summarized the quarterly figures from Google's parent company Alphabet $GOOG (-0,95 %) briefly summarized:
Alphabet generated revenue of USD 96.5 billion in the fourth quarter of 2024, a good year-on-year increase of 12%. Net profit amounted to USD 26.5 billion (USD 2.15 per share) and exceeded expectations.
The cloud business grew by 30% to USD 12 billion, but unfortunately fell short of forecasts. Alphabet plans to invest USD 75 billion in 2025, primarily in AI.
Despite the growth, the share was sold off quite a bit, so perhaps some of you were able to buy the dip.