Revenue slowdown reflects ‘challenging year’ firm has had and 2025 may be year it loses competitive edge, say analysts
Shares of Google’s parent company Alphabet fell more than 6% after the company reported a slight miss in expected revenue on Tuesday. The company reported $96.5bn, compared with analyst expectations of $96.67 bn. The company surpassed investors’ expectations of $2.13 in earnings per share, however, with $2.15 in EPS.
“Q4 was a strong quarter driven by our leadership in AI and momentum across the business,” Alphabet chief executive Sundar Pichai wrote in a statement. “We are building, testing, and launching products and models faster than ever, and making significant progress in compute and driving efficiencies.”
About Author
More Stories
Teenagers who go to bed early and sleep longer have sharper brains, study finds
Revealed: Chinese researchers can access half a million UK GP records
‘I did things I cringe at’: Alex Warren, rough-sleeper, viral prankster and now No 1 pop sensation