Q4 2024 Earnings — Results of Operations, Other Events

Revenue hit $96.5 billion in Q4 2024 (up 12% YoY) with operating margin expanding 5 percentage points to 32%, as Google Cloud surged 30% to $12 billion and net income jumped 28%. The company signaled an aggressive AI bet ahead, announcing plans to spend approximately $75 billion in capital expenditures in 2025, while Cloud and YouTube together crossed a $110 billion annual revenue run rate — underscoring that AI-driven growth is now the central thesis for the stock.