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Alphabet's Q4 report shows slower than expected growth

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Michail, 04 February 2020

Alphabet Google YouTube Android

Google’s parent company Alphabet put out its Q4 and 2019 fiscal year earnings report and the numbers show a slowdown in revenue growth despite an 18% jump in total revenues on a per-year basis. Revenue growth in the October-December period on the other hand was the lowest in the past 4 years. The report also revealed YouTube ad revenue figures for the first time - $15 billion, but the number is lower than analysts' estimates which were in the $25 billion ballpark.

Alphabet Q4 2019 financial highlights
Alphabet Q4 2019 and fiscal year highlights

Google Cloud was another underperformer despite growing by 53% quarterly basis as it lags behind competitors like Microsoft Azure. Google Search on the other hand is growing at a solid pace and racked in an impressive $98 billion in 2019, up from $85 billion the year before. As a whole Google’s advertising business is growing at a steady 15% rate as it brought $38 billion in Q4 alone and $135 billion for the full 2019.

Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet.

I’m really pleased with our continued progress in Search and in building two of our newer growth areas — YouTube and Cloud." - Sundar Pichai

While total revenues grew to $162 billion, revenues from Google’s “other” product category which includes hardware, Play Store and non-advertising YouTube profits were yet again unimpressive at $5 billion. The “other bets” projects which include Waymo, Verily and Google Fiber continued to operate at a loss - they bled over $2 billion in 2019.

Source | Via

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Reader comments

?
  • Anonymous
  • 8tf
  • 04 Feb 2020

If the Pixel 4 Series was priced from $549 for the 4 and from $599 for the 4XL, they would have undercut the iPhone 11 and probably sold a ton more Lets be honest it might have some flagship specs but they dont have flagship looks

  • Reply
p
  • potato4k
  • XUt
  • 04 Feb 2020

Google can have zero sales of the Pixel 4, and I'm sure it won't be a significant dent in the larger picture of their revenue. I mean just look how Google fiber is losing money.

  • Reply
N
  • NotAnOpinion
  • 4dt
  • 04 Feb 2020

It seems it was too much for Google to admit its failure in sales for the Pixel 4 series and Stadia's hardware and its lack of promised features and games.

  • Reply
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Total reader comments: 5

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