Alphabet cracks $100 billion in annual revenue as advertising soars

no thumb

(Reuters) – Google parent Alphabet Inc (GOOGL.O) surged past $100 billion in yearly revenue powered by soaring sales of pricey online ads, but reported a fourth-quarter loss due to a $9.9 billion one-time tax-related charge.

Alphabet on Thursday reported a net loss of $3.02 billion or $4.35 per Class A and B share and Class C capital stock in the quarter ended Dec. 31, compared to a profit of $5.33 billion or $7.56 per share a year earlier.

Fourth-quarter revenue rose about 24 percent to $32.32 billion.

Reporting by Arjun Panchadar in Bengaluru; Editing by Sai Sachin Ravikumar

Source link


The author comredg

Leave a Response