Alphabet (GOOGL) Q4 Earnings Beat, Revenues Increase Y/Y

Alphabet’s (GOOGL) fourth-quarter 2023 earnings of $1.64 per share beat the Zacks Consensus Estimate by 2.5$86.31 billion increased 13% year over year (13% at constant currency).Net revenues, excluding total traffic acquisition costs (“TAC”) (the portion of revenues shared with Google’s partners and amount paid to distribution partners and others who direct traffic to Google’s website), were $72.32 billion, which surpassed the consensus mark of$70.77 bill ...