Thank you for standing by for the Alphabet fourth quarter and fiscal year 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session.

Alphabet had bit of a mixed earnings call. While there were some encouraging data points related to the future of search, their tone in the near-term outlook clamped down on the enthusiasm.

Google parent company Alphabet is set to report fourth-quarter earnings after the bell Tuesday. Wall Street will be looking for $96.56 billion in revenue and $2.13 in earnings per share. During the fourth quarter, the company announced a series of expansions for its self-driving car unit Waymo.