Alphabet's fourth-quarter revenue, profit beat estimates

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The company had $31.07-billion in total fourth-quarter costs and expenses, up 26 per cent from past year. That was the same growth rate as reported for last year's fourth quarter, which worries some analysts.

"With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe", Porat added.

Alphabet's fourth quarter revenue rose 22 per cent from a year ago to $39.28-billion, compared to the average expectation of $38.93-billion among analysts tracked by Refinitiv.

Google is asking investors to trust that investments in future growth will pay off, but the company discloses limited financial details on its newer initiatives. Additionally, the company's net income totalled $8.95 billion United States dollars (roughly $11.74 billion CAD) in Q4 2018.

The fees that Alphabet pays to companies like Apple for Google to be their default search engine rose to $7.4bn up from $6.6bn for the same period previous year. Thanks chiefly to its search ads as well ads on its YouTube video service, Google has 31.3 percent of the worldwide market to Facebook's 20.5 percent, according to eMarketer. The company's higher-growth businesses, which also include YouTube, are less profitable than the original Google desktop search service. And it would be short-sighted to count Google out, though Amazon and Microsoft's businesses are larger. "We'll continue down this path". Wall Street was expecting $184 million.

Greene and incoming Google Cloud CEO Thomas Kurian, a longtime Oracle Corp. By early 2018 cloud computing was reportedly already a $1 billion per quarter revenue generator for Alphabet.

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Ad revenue growth, as always, will be paramount to investors, while the company's "Other Bets" segment is expected to rise by more than a third. However, those operations showed a $1.3 billion operating loss.

"Providing accurate and trusted information at the scale the Internet has reached is an extremely complex challenge and one that is constantly getting harder", Google chief executive Sundar Pichai said on an earnings call.

Stock was weak due to lower than anticipated operating profit and much higher levels of capital expenditures.

Alphabet's cash and other short-term holdings totaled $109.14 billion at the end of 2018.

"Acquisitions are an attractive complement to what we do to drive organic growth", Porat said on Monday. Without those changes, net income for Q4 of 2017 would have been $6.8 billion.

Cloud engineers and sales professionals also made up the bulk of the 4,000 employees it hired during the quarter, Porat said.

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