Follow Gizchina, Alphabet’s report says it brought in $75.4 billion in the fourth quarter of 2021, up 32 percent from the same period last year. Alphabet CEO Sundar Pichai said: “Q4 saw continued strong growth in our advertising business, helping millions of businesses thrive and finding new, record-breaking customers. quarterly sales for our Pixel phones despite supply constraints and the cloud business continues to grow strongly.”
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Google made a huge amount of revenue last year |
Alphabet usually doesn’t disclose revenue from categories like Pixel or Android smartphones. Products in Google’s Services category including YouTube and Google Search provide the highest level of revenue. The Google Other segment brought in $8.16 billion in revenue for the company in the fourth quarter of last year.
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Google’s advertising revenue for the fourth quarter of 2021 was $61.24 billion. This comes despite the fact that Meta, Twitter, Snapchat, and YouTube lost nearly $10 billion in ad revenue due to Apple’s new iOS privacy policy in the second half of 2021. The company also reported an operating loss of $890 million. USD in the cloud business on revenue of USD 5.54 billion. The Other Bets segment, which includes self-driving car company Waymo and life sciences division Verily, brought in $181 million in revenue.
Alphabet’s chief financial officer Ruth Porat says the company’s investments have helped drive this growth by providing services to people, partners and businesses. The company is expected to continue to invest in long-term opportunities in the near future.
