:Alphabet Inc and its Google unit on Tuesday reported higher than expected fourth-quarter sales as the search giant's internet advertising and cloud computing businesses benefited over the holiday season from the growing surge in online shopping.
Alphabet's overall quarterly sales jumped to $75.3 billion, above the average estimate of $72 billion among financial analysts tracked by Refinitiv. Total Google revenue was $74.9 billion, above estimates of $71.652 billion.The company's third-straight quarter of record sales reflects the growth of ad-laden Google services such as internet search, email and YouTube video streaming, since the pandemic made hybrid work https://www.reuters.
The company also announced on Tuesday a 20-for-one stock split that would come in July if approved by shareholders.