Revenues and profits of Alphabet, parent company of Google and YouTube, exceed expectations in the 4th quarter of 2023

2024-01-30T21:49:04.832Z

Highlights: Revenues and profits of Alphabet, parent company of Google and YouTube, exceed expectations in the 4th quarter of 2023. The American company achieved more than $86 billion in turnover over this period, up 13% year-on-year. The world number one in online advertising, which invests massively in artificial intelligence, generated 20.7 billion in net profit, an amount also higher than investors' expectations, according to its quarterly results press release published on Tuesday. It is returning to a level of growth that the parent company had not seen since 2022.

The American company achieved more than $86 billion in turnover over this period, up 13% year-on-year.