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Alphabet exceeds 250,000 million annual revenue

Alphabet has communicated the results that you have obtained during the last three months of 2021. Also those of the entire year 2021, a period in which it has exceeded 250,000 million dollars in revenue for the first time. Specific, between January and December it has managed to enter 257,000 million dollars. In addition, between October and December, it entered 75,330 million dollars, 32% more than in the same quarter of 2020. Its profits were 20,640 million dollars, and earnings per share of 30.69 dollars.

The company’s quarterly results have risen strongly mainly due to greater investment by the company’s clients in advertising. In Alphabet they have also noticed the growth of income from its cloud division, Google Cloud: they have risen 45%. In advertising, Google entered 61,240 million, a figure that represents an increase of 33% year-on-year.

Google Services, the division in which Google’s advertising area is included, entered 69.4 billion dollars in the last three months of 2021. Within Google Services, revenue from Google Search and all other advertising revenue excluding YouTube rose to $43.3 billion. For its part, YouTube had revenues of 8,630 million dollars.

Despite its improvement in revenue, Google Cloud has posted a loss of $890 million, notably less than during the same period in 2020, when it lost $1.24 billion. In total, for all of 2021, Google Cloud saw deal volume growth of 80% year over year. In total, their number of deals over $1 billion rose by over 65%.

Alphabet’s Other Bets business entered $181 million, posting a loss of $1.45 billion. The company also had a loss of $1.768 billion in corporate offshoring costs, which include mostly corporate initiatives, shared corporate costs such as finance and legal, and various fines and settlements. They also include various shared research and development activities.

Sundar Pichai, CEO of Alphabethas highlighted that the investment of the company «in Artificial Intelligence technologies continues to drive extraordinary and helpful experiences for people and businesses with our most important products. The last quarter has seen strong growth in our advertising business, helping millions of businesses grow and find new customers, and achieving a record quarter of sales on our Pixel phones despite supply issues. Our Cloud division has also continued to grow strongly«.

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