Alphabet Inc. (NASDAQ: GOOG, GOOGL) announced strong financial results for Q4 and the full year of 2024. In the fourth quarter, the company saw a 12% year-over-year increase in revenues, totaling $96.5 billion. Google Services revenue grew 10% to $84.1 billion, driven by strong performance in Google Search & other and YouTube ads. Google Cloud experienced a 30% growth, reaching $12.0 billion, with strong demand for AI solutions and GCP products.

Operating income rose 31%, and operating margin expanded to 32%. Net income for the quarter increased 28%, with EPS growing 31% to $2.15.

For the full year, Alphabet's revenues increased 14% to $350.0 billion, with Google Services and Google Cloud both showing strong growth. The company’s operating income for the year grew by 33%, totaling $112.4 billion, and net income increased by 36% to $100.1 billion. EPS for the full year rose 39%, reaching $8.04.

The company also highlighted its progress in AI, with products and models being launched rapidly, and its leadership in AI-powered solutions for both Google Cloud and YouTube. In 2025, Alphabet plans to invest $75 billion in capital expenditures to further accelerate its growth.

Additionally, Alphabet reported a strong dividend program, paying $2.4 billion to shareholders during Q4 2024.