Alphabet Inc Class C

GOOG: XNAS (USA)
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Alphabet Earnings: Google Search, YouTube, and Cloud Impress, but Network Revenue Declines Further

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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