Alphabet stock tumble over 6% post declaring Dec-2023 ending quarter results and actually results are not that bad

Alphabet stock tumble over 6% post declaring Dec-2023 ending quarter results.

Revenue for quarter ending Dec-2023 was 86,310 million USD growth of 13% and Net income for Dec-2023 ending quarter was 20.6 million USD 

Operating income for quarter ending Dec-2023 was 23,697 million USD and it grew by Dec-2023.

So as per us results are not that bad related to Alphabet.

27% growth in Operating Profit in Dec-2023 ending quarter when compared YoY is a significant growth.

Compare Revenue in Dec-2023 ending year and previous year

Annual revenue for year ending Dec-2023 increased to 307,394 million USD from 282,836 million USD in previous year.

Annual net income for year ending Dec-2023 increased to 73,795 million USD from 59,972 million USD in previous year.

Google Advertising revenue increased to 237,855 million USD from 224,473 million USD in previous year.
Google Cloud revenue increased to 33,088 million USD from 26,280 million USD in previous year.
Google Subscriptions, platform and devices revenue increased to 34,688 million USD from 29,055 million USD.

USA revenue increased to 146,286 million USD in the year ending Dec-2023 from 134,81 million USD in the previous year.
EMEA revenue increased to 91,038 million USD in the year ending Dec-2023 from 82,062 million USD in the previous year.