TNB Tech Minute: Alphabet Shares Down After Cloud Unit Disappoints
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 4 February 2025
⏱️ 3 minutes
🧾️ Download transcript
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| 0:00.0 | This episode is brought to you by Sun Express Airlines. |
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| 0:31.8 | Here's your TNB Tech Minute for Tuesday, February 4th. I'm Pierre Bien-Ame for the Wall Street Journal. |
| 0:39.2 | Google recorded a slowdown in revenue growth in its most recent quarter. Its parent company, Alphabet, |
| 0:43.3 | reported 96.5 billion dollars of revenue for the three months ending December. That's an increase of |
| 0:48.8 | 12% from the same period a year earlier, but Alphabet hasn't reported a growth rate that low since 2023. |
| 0:55.9 | Shares in Alphabet were down roughly 7% in After Hours trading, pairing much of this year's |
| 1:01.0 | gains of about 8%. |
| 1:02.4 | Google's cloud computing division underperformed Wall Street analysts' expectations. |
| 1:07.8 | Executives have been hoping it can help make up for slowing growth in Google's |
| 1:11.3 | core advertising business. Alongside a money-making fourth quarter, Spotify reported its first |
| 1:17.3 | ever full year of profitability. Net income was equivalent to about $1.18 billion in 2024, |
| 1:23.9 | compared to the loss of roughly $552 million the previous year. |
| 1:28.4 | The Swedish company was fueled by record user growth and austerity measures after years of heavy spending on growth initiatives such as podcasts. |
| 1:35.7 | Shares in the company rose just over 13.2% and are up about 35% on the year. |
| 1:41.9 | Meanwhile, music publishers are asking Spotify to remove thousands of unlicensed songs from |
| 1:46.7 | podcasts on its platform. The National Music Publishers Association, a trade group, said today it sent |
| 1:52.5 | notice of more than 2,500 instances of infringement to the streaming service, alleging that songs |
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