Fourth-quarter revenue, excluding payments to distribution partners, came in at $46.43 billion USA, the Mountain View, California-based company said in a written statement.
Alphabet Inc. reported quarterly sales that beat Wall Street estimates, buoyed by heavy digital advertising spending during the holiday shopping quarter.
YouTube ads brought in $6.89 billion in Q4, a 46 per cent jump from the same quarter previous year.
Alphabet brought in $46.43 billion in revenue for the quarter when deducting traffic acquisition costs, up from $37.57 billion a year ago.
San Francisco: Alphabet, the parent company of Google, has reported strong fourth-quarter earnings at $56.9 billion riding on its Search and YouTube growth, and disclosed numbers for its cloud business for the first time. Analysts had expected $44.2 billion US, according to data compiled by Bloomberg Markets. For the full year 2020, Alphabet reported $41.2 billion on revenues of $182.5 billion. Analysts expected Google to benefit from increased online search activity and YouTube viewership while people remained stuck at home. "Google other revenues" - which includes hardware, Play Store, and non-advertising YouTube revenues - reported $6.67 billion, compared to $5.26 billion the same quarter past year.
Looking at the bottom line for the fourth quarter, Alphabet made $15.23 billion during the 2020 period compared to the $10.67 billion the company earned in 2019's Q4. That resulted in a 42.7% achieve in earnings.
Google continues to tend to its Money Tree. However, sales and marketing expenses declined almost 8% for the fourth quarter from $5.73 billion to $5.31 billion for Q4 and declined 3% for the whole year.
USA tech giants Amazon and Google parent Alphabet released quarterly earnings on Tuesday.
"The tech rally is giving the broader market a much-needed boost and Wall Street could soon hit new record highs", he said. Shares of Alphabet, which rose $26.16 or 1.38% to $1,927.51 during the regular trading session, soared 7.66% in after-hours trading after the earnings report was released. During the later buying and selling interval, Alphabet was altering fingers at $2075.16, up $147.65.