Alphabet set to report fourth-quarter results after the close

Google genitor Alphabet volition study fourth-quarter net Thursday aft the adjacent of regular trading. Here's what analysts are expecting:

• Earnings: $1.18 per share, according to Refinitiv estimates.
• Revenue: $76.53 billion, according to Refinitiv estimates.
• YouTube advertizing revenue: $8.25 billion, according to StreetAccount estimates.
• Google Cloud revenue: $7.43 billion, according to StreetAccount estimates.
• Traffic acquisition costs (TAC): $13.32 billion, according to StreetAccount estimates.

Google's halfway advertisement concern is expected to study minimal enlargement from a twelvemonth earlier, and maturation is apt to stay successful the azygous digits until precocious 2023, based connected expert estimates.

A slowing system and contention from TikTok person wounded Google arsenic good arsenic integer advertisement rivals Snap and Facebook. Earlier this week, Snap reported weaker-than-expected revenue, portion Facebook genitor Meta topped estimates but inactive recorded a 4% diminution successful sales.

In January, Alphabet announced it was laying disconnected 12,000 employees, oregon 6% of its workforce. The institution told employees precocious that much of them volition beryllium astatine hazard for debased show ratings than successful anterior years.

Alphabet besides cut staff successful its wellness sciences portion Verily by 15%, citing a restructuring that volition supposedly amended presumption the concern to question fiscal independence.

Pressure is mounting for Google successful different ways.

Artificial intelligence-based chatbot ChatGPT, launched precocious past twelvemonth by Microsoft-backed OpenAI, is viewed arsenic posing a hazard to Google's hunt engine. Executives teased that the institution whitethorn present a akin merchandise to the nationalist astatine immoderate constituent this year. CNBC reported this week that Google is internally experimenting with respective imaginable products that could power its hunt business.

In January, the U.S. Justice Department filed its second antitrust suit against Google successful conscionable implicit 2 years, this 1 targeting its advertizing business. It marked the archetypal national suit against Google filed during the Biden administration.

Google is present showing its willingness to put heavy successful unrecorded sports. During the 4th quarter, the institution agreed to pay $2 cardinal per twelvemonth for the adjacent 7 years for YouTube to ain the exclusive rights for "NFL Sunday Ticket."

WATCH: U.S. Justice Department addresses antitrust litigation against Google