Alphabet Cl A Beats
Alphabet Cl A (GOOGL) reported 4th Quarter December 2020 earnings of $22.30 per share on revenue of $56.9 billion. The consensus earnings estimate was $15.91 per share on revenue of $44.1 billion. The Earnings Whisper number was $17.05 per share. Revenue grew 23.5% on a year-over-year basis.
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.
Alphabet Announces Fourth Quarter and Fiscal Year 2020 Results
MOUNTAIN VIEW, Calif. – February 2, 2021 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2020. Sundar Pichai, CEO of Google and Alphabet, said: “Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud. Google succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future.”
Ruth Porat, CFO of Google and Alphabet, said: “Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year. Google Cloud revenues were $13.1 billion for 2020, with significant ongoing momentum, and we remain focused on delivering value across the growth opportunities we see.”
New reporting segment structure and operating results
We are now reporting results for three segments: Google Services, Google Cloud, and Other Bets. The following
table presents segment revenues and operating income (loss) under our new reporting segment structure for the
quarters ended December 31, 2019 and 2020 and the years ended December 31, 2018, 2019 and 2020 (in millions;
For the full press release, please go here