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For a point of comparison, Google's "other revenues" segment "only" brought in $3.4 billion in revenue in the last quarter of 2016, so the business has nearly doubled in the last two years. Last year Google chose its fourth-quarter earnings call to disclose a quarterly cloud revenue run rate above $1 billion, but it has declined to update that number since that disclosure.

"With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe", CFO Ruth Porat said in the earnings release. The company's operating margin, a closely watched measure of profitability, was 21 percent, down from 24 percent.

Google parent Alphabet delivered a better-than-expected holiday quarter earnings report on Monday, with some asterisks: The company's numbers for the quarter benefitted from a one-time cash injection.

A man walks past the logo of the U.S. multinational technology company Google.

Concerns appear to be around how much Google is able to charge advertisers for ads.

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Earnings per share (non-GAAP) were $12.77, compared to a loss of $4.35 a year ago, and above estimates of $11.08. Fourth-quarter net revenue, excluding traffic acquisition cost came in at $31.84 billion, beating estimates by $51 million.

On the other hand, however, are the negatives: fees that the company has to pay Google and Apple to remain their default search engine were also up in the same time period. The company also hired more engineers for its Google Cloud Platform in the fourth quarter.

In the final three months of 2018, Google's CEO was grilled by Congress about data privacy, its employees around the world walked out over sexual harassment scandals, and it disclosed a security bug impacting its largely forgotten social network, Google Plus. "We are confident that Google will continue to have rising paid click volumes for the foreseeable future".

The rise of the Faangs helped propel stock markets to new highs and their stumble helped to drag down indices across the world previous year.

While Alphabet relies on Google's advertising business to generate profits, YouTube and cloud computing are costlier operations than its traditional desktop businesses.

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Assistant Commissioner Peter Crawford said the tactical decision made at the time was suitable to contain the alleged offender. The incident ended when police shot the man with a non-lethal beanbag rounds, after which he surrendered to officers.

The results beat Wall Street expectations.

The other segment of interest in Alphabet's ledger is "other bets", which is where the company lumps all non-Google business.

That's a 80 percent increase over its capital expenditures in the fourth quarter of past year.

Chief Executive Sundar Pichai said during the earnings call that Google remains on track to begin opening its new New York City campus in 2020. Operating losses were $1.33 billion. That was just a little over the $6.43 billion analysts had expected.

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