Alphabet (Google’s parent company) today released its fourth quarter financial report for the 2020 fiscal year ending December 31. According to the report, Alphabet’s total revenue in the fourth quarter was 56.898 billion U.S. dollars, an increase of 23% from the 46.075 billion U.S. dollars in the same period last year. Excluding the impact of exchange rate changes, it also increased by 23% year-on-year; in accordance with US GAAP, Alphabet’s fourth quarter The quarterly net profit was 15.227 billion U.S. dollars, compared with 10.671 billion U.S. dollars in the same period last year, a year-on-year increase of 43%.

Main achievement:
——Alphabet’s total revenue in the fourth quarter was 56.898 billion U.S. dollars, an increase of 23% from the 46.075 billion U.S. dollars in the same period last year. Excluding the impact of exchange rate changes, it also increased by 23% year-on-year. Alphabet calculates total revenue in accordance with US GAAP, excluding traffic acquisition costs (TAC). Alphabet’s fourth-quarter traffic acquisition expenditure, that is, revenue shared with partners was 10.466 billion U.S. dollars, which was higher than 8.501 billion U.S. dollars in the same period last year;

——According to US GAAP, Alphabet’s fourth-quarter operating profit was 15.651 billion US dollars, accounting for 28% of revenue. In contrast, in accordance with the US GAAP, Alphabet’s operating profit for the same period last year was US$9.266 billion, accounting for 20% of its revenue;

——According to the US GAAP, Alphabet’s net profit in the fourth quarter was 15.227 billion U.S. dollars, compared with 10.671 billion U.S. dollars in the same period last year, a year-on-year increase of 43%;

——According to US GAAP, Alphabet’s diluted earnings per share in the fourth quarter were US$22.30, compared with US$15.35 in the same period last year.

Alphabet and Google CEO Sundar Pichai (Sundar Pichai) said: “The strong performance this quarter reflects the help of our products and services to individuals and businesses, and the accelerated transition to online services and cloud services. When we help When customers and partners succeed, Google succeeds. As companies increasingly set their sights on the digital future, we see an important opportunity to build meaningful partnerships.”

Alphabet CFO Ruth Porat (Ruth Porat) said: “We achieved a strong performance in the fourth quarter, with revenue of 56.9 billion U.S. dollars, thanks to the search and YouTube business, as well as consumer and commercial activities. The recovery began earlier this year. In 2020, Google Cloud’s revenue reached 13.1 billion U.S. dollars, and its growth momentum is strong, and we are still focused on creating value in the growth opportunities we see.”