Alphabet 4th Quarter and Fiscal Year 2023 Results

Alphabet reported strong Q4 2023 financial results, with 13% year-over-year revenue growth to $86.3 billion. Key highlights include continued strength in Search, YouTube, and Google Cloud, as well as actions taken to reduce the workforce and optimize office space, resulting in $3.9 billion in charges. Additionally, a change in the useful lives of servers and network equipment reduced depreciation expense by $3.9 billion for the full year. Overall, Alphabet demonstrated continued financial execution and strategic initiatives to position the company for future growth.

## Headings / Titles:
1. Alphabet Announces Fourth Quarter and Fiscal Year 2023 Results
2. Q4 2023 Financial Highlights
3. Q4 2023 Supplemental Information
4. Segment Operating Results
5. Additional Information Relating to the Quarter Ended December 31, 2023
6. Webcast and Conference Call Information
7. Forward-Looking Statements
8. About Non-GAAP Financial Measures

## Key Takeaways:
- Strong Q4 2023 financial results, with 13% year-over-year revenue growth to $86.3 billion
- Continued strength in Search, YouTube, and Google Cloud
- Workforce reduction and office space optimization actions taken, resulting in $3.9 billion in charges
- Change in useful lives of servers and network equipment reduced depreciation expense by $3.9 billion

## Summary:
This document provides Alphabet's financial results for the fourth quarter and fiscal year 2023. Alphabet CEO Sundar Pichai highlighted the ongoing strength in Search, YouTube, and Google Cloud, noting that each is benefiting from the company's AI investments and innovation. President and CFO Ruth Porat reported very strong Q4 2023 financial results, with consolidated revenues of $86.3 billion, up 13% year-over-year.

The document provides detailed financial information, including segment results. Google Services, which includes products and services like ads, Android, and YouTube, generated $76.3 billion in revenue and $26.7 billion in operating income in Q4 2023. Google Cloud revenue grew to $9.2 billion, with an operating profit of $864 million. The Other Bets segment, which includes multiple smaller operating units, had a $863 million operating loss.

Alphabet also reported taking actions to reduce its workforce and optimize its global office space in Q4 2023, resulting in $3.9 billion in charges. Additionally, the company changed the estimated useful lives of its servers and network equipment, which reduced depreciation expense by $3.9 billion for the full year.

The document provides comprehensive financial reporting, including non-GAAP measures like constant currency revenues, to give investors a clear understanding of Alphabet's performance. It also includes forward-looking statements and information about the company's webcast and conference call. Overall, this document demonstrates Alphabet's continued strong financial execution and strategic initiatives to position the company for future growth.