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Alphabet's Q4 Earnings Set to Hit $96.6 Billion

2/3/2025

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Summary

Story summary

On February 4, 2024, Alphabet, the parent company of Google, will unveil its fourth-quarter earnings, with analysts predicting a robust $96.6 billion in revenue and earnings per share of $2.12—a promising 12% increase from last year. However, rising competition from China's DeepSeek raises concerns about AI spending. Despite this, Alphabet's shares have soared 43% over the past year, closing at $204.02.

History

Historical Context

On February 4, 2024, Alphabet is set to report strong earnings, reflecting its resilience amid rising competition, particularly from China's DeepSeek. This mirrors past challenges, like when Apple briefly overtook Alphabet in 2016, highlighting the ongoing battle for dominance in the tech sector.

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Story summary

On February 4, 2024, Alphabet, the parent company of Google, will unveil its fourth-quarter earnings, with analysts predicting a robust $96.6 billion in revenue and earnings per share of $2.12—a promising 12% increase from last year. However, rising competition from China's DeepSeek raises concerns about AI spending. Despite this, Alphabet's shares have soared 43% over the past year, closing at $204.02.

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