Alphabet (NASDAQ:GOOGL) Full Year 2023 Results

Key Financial Results

• Revenue: US$307.4b (up 8.7% from FY 2022).
• Net income: US$73.8b (up 23% from FY 2022).
• Profit margin: 24% (up from 21% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$2.91.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphabet Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$146.3b (48% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$45.4b (45% of total expenses). Explore how GOOGL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 5.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Alphabet's balance sheet.

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