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Google parent Alphabet spikes 6% after smashing 4th-quarter expectations on digital ad sales during the holiday shopping quarter snagarajan@businessinsider.com (Shalini Nagarajan) Google parent Alphabet rose 6% after posting strong Q4 earnings that beat Wall Street expectations. The company s fourth-quarter revenue rose 23% to $46.43 million, driven by strong advertising growth. Alphabet revealed results from Google s Cloud business for the first time ever. . Fourth-quarter revenue rose to $46.43 billion, up 23% from a year ago. Analysts, on average, expected revenue of $44.14 billion. YouTube delivered a 47% jump in advertising growth from last year, bringing in revenue of $6.89 billion, compared to analyst expectations of $6.22 billion. For the first time this quarter, the company provided a look at how its Cloud division is faring, showing that the business brought in $3.83 billion, again handily beating estimates.

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