Operating Income was Up 68.9% in Alphabet’s 2020 Q4 Earning Results

Alphabet (NASDAQ: GOOGL) announced its 2020 Q4 earning results on February 2nd, 2021. As a result, total revenues were up 23.5% in this quarter while operating income grew as much as 68.9% (3 months, YoY), suggesting that Google promoted streamlining while expanding revenues in this quarter. As for annual results, total revenues and operating income were up 12.8% and 20.4% (TTM), respectively, reflecting decline in total revenues in 2020 Q2.

Reviewing Alphabet’s performance by each segment, only Google Service segment is in surplus. However, in terms of growth rate, Google Cloud segment has the highest growth rate of +46.4% (TTM).

As for individual service, Google Cloud has the highest growth rate, followed by YouTube Ads of +46.0% (3 months, YoY) included in the Google Service segment.

According to the announcement, Alphabet repurchased 31 billion USD of capital stocks in FY2020.  

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