Alphabet enters 23% in the first quarter, but its profits fall by 8%

After a record year of earnings and benefits for Alphabet in 2021, it seems that in 2022 its results begin to hit the brakes. At least when it comes to their Benefitswhat have fallen by 8% year-on-year. In the meantime, your incomes follow rising: 23% year-on-yearup to 68,010 million dollars between January and March, the first quarter of 2022. As for its net income, they have been 16,440 million dollars in the period, compared to the 17,930 million dollars of profit that the company obtained in the same period of 2021.

In the first three months of this year, YouTube has earned $6.87 billion from advertising, while the company’s Cloud division has reached $5.82 billion in revenue. In both cases they have been higher than those achieved in the first three months of 2021. The company’s Other betting division continues to lose money: 1,160 million dollars, although in this period it has more than doubled its income: 440 million dollars, compared to the 198 million dollars he got between January and March 2021.

Google’s Other Revenue, which includes hardware, the Play Store and YouTube’s non-advertising revenue, garnered $6.82 billion, down slightly from last year’s January-March revenue of $6.49 billion. Dollars. In addition to communicating its results, Alphabet has also confirmed that it is going to carry out a repurchase of type A and C shares, for a value of 70,000 million dollars.

Sundar Pichai, CEO of Alphabet and Googlehighlighted from these results that «the first quarter has seen strong growth from Search and Cloud, with both areas helping people and businesses as digital transformation continues. We will continue to invest in great products and services, and create opportunities for partners and local communities around the world.«.

Ruth Porat, CFO of Alphabet and Googlehas indicated that in the company they are «happy with 23% year-over-year revenue growth. We continue to make considered investments in Capex, research and development and talent, to support long-term value creation for all stakeholders«.

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