Google’s parent company Alphabet reported profit of $34.5 billion (A$49.2 billion) in the December quarter, beating the expectations of analysts.
Quarterly revenue was up 18 per cent, led by a 48 per cent lift in cloud computing, and annual revenue jumped 15 per cent, passing the $400 billion mark for the first time.
The company reported $114 billion in revenue in Q4, again beating Wall Street estimates.
YouTube ads revenue increased by nearly 9 per cent to $11.4 billion in the quarter.
“It was a tremendous quarter for Alphabet and annual revenues exceeded $400 billion for the first time,” said Sundar Pichai, CEO of Alphabet and Google.
“We continue to drive strong growth across the business. YouTube’s annual revenues surpassed $60 billion across ads and subscriptions; we now have over 325 million paid subscriptions across consumer services, led by strong adoption for Google One and YouTube Premium.
“We’re seeing our AI investments and infrastructure drive revenue and growth across the board. To meet customer demand and capitalize on the growing opportunities we have ahead of us, our 2026 CapEx investments are anticipated to be in the range of $175 to $185 billion.”
