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Google parent Alphabet posts beat on EPS, revenue

Google’s parent Alphabet reported earnings that outperformed expectations, with the company posting $22.30 EPS and $46.43B in revenue ex-Tac, compared to consensus estimates of $15.58 EPS and $44.16B in revenue.

Video Transcript

ADAM SHAPIRO: We have another nice beat, too, a multibillion dollar beat for Alphabet Google. Ines Ferre is going to bring us up to speed on their earnings. Ines.

INES FERRE: Yeah, that's right. Alphabet's fourth quarter revenue, [INAUDIBLE]-- that's excluding traffic acquisition costs-- came in at $46.43 billion. The Street was expecting $44.16 billion. Taking a look at the company's fourth quarter earnings per share, $22.30. Estimate-- the estimates were for $15.58. And also looking at Google Cloud revenue, that came in at $3.83 billion. The Street had been expecting $3.8 billion.

Alphabet's CFO saying our fourth quarter performance with revenues of $56.9 billion driven by search and YouTube, as consumer and business activity recovered from earlier in this year. Very important that this year also, this quarter, it was the first time that the company was breaking out its cloud unit, broken out as a separate segment.

So you've got now Google services. That includes the search, ads, Chrome, YouTube, and then Google Cloud. And that-- cloud revenue beat expectations. And then other bets-- and those are the moonshot sort of projects, including Waymo. And analysts had really been expecting that the sum of the parts would be very valuable when valuing the company, so to speak-- valuable information.