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The umbrella company of the American technology giant Google Alphabethas published its report on the financial position for the last quarter of 2022. Alphabet CEO Sundar Pichai hailed
The umbrella company of the American technology giant Google Alphabethas published its report on the financial position for the last quarter of 2022. Alphabet CEO Sundar Pichai hailed the numbers as “great momentum,” but the facts were different. Because Google’s revenue, great acceleration did not increase.
Alphabet has announced that it earned $283 billion in all of 2022. This profit is from last year. amounted to more than 10 percent. However, there is a serious shrinkage in the company’s profit margin. Alphabet’s $60 Billion Profitability in 2022 fell by 21 percent. The company reported a profit of $ 76 billion in 2021.
If we look at the data from the last quarter of 2022, it is not too bad uninspired We come across results. Because the company’s revenue in the last quarter increased by only 1% compared to the previous year and was recorded as 76 billion. Profitability fell to 24 percent year-on-year and $13.6 billion declared as.
Google’s parent company Alphabet recently massive layoffs made the decision had announced. According to the statement, the roads would be separated with 12 thousand employees. The number of employees was also clarified in the earnings report announced today. Alphabet today It has 190,234 employees. At the end of the previous quarter, this number stood at 186,779. The cost of mass layoffs, according to the company, $1.9-2.3 billion will be within range.
The earnings report provides information, albeit limited, based on categories. Accordingly, Alphabet’s main source of income, advertisementlost more than $2 billion in revenue in the last quarter of 2022. Including Android, Chrome, Google Maps, Google Play Store, Search and YouTube in the service category There is a loss of $1.5 billion in revenue. Alphabet, which lost $480 million to cloud technologies, 670 million dollars lost.
Alphabet issued a statement in November 2022 and about 80 million You have a YouTube Premium subscriber had announced. In today’s earnings statement, the number of 80 million users was stated. This statement is in the number of users paying for YouTube. no significant increase it reveals.
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
