Alphabet Inc Class C

GOOG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$568.00	Ncb	Jckjsyjvxm

Alphabet Earnings: Google Search, YouTube, and Cloud Impress, but Network Revenue Declines Further

Ali Mogharabi

Jan 31, 2024

The network effect continued to drive growth at Google search and YouTube during Alphabet's fourth quarter. In addition, as we expected, increasing demand for artificial intelligence accelerated cloud revenue growth. However, continuing weakness in Google’s advertising technology business, or Google network, pressured total advertising growth a bit.

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