Alphabet, Google’s parent company, reported strong Q4 2024 results, with revenue of $96.5 billion, a 12% YoY increase.
Key drivers of growth were Google Services, with revenue increasing 10% to $84.1 billion, and Google Cloud, experiencing a 30% revenue surge to $12.0 billion.
Alphabet's focus on AI innovation played a significant role, powering features across Google's core products, including search, YouTube, and Google Cloud.
Alphabet plans to invest $75 billion in capital expenditures in 2025 to fuel AI research, expand cloud computing infrastructure, and invest in next-generation computing power.