Home > Latest News > Google Co Surpasses $250 Billion In Annual Revenue

Google Co Surpasses $250 Billion In Annual Revenue

Google parent company Alphabet enjoyed a massive 41 per cent year-on-year increase during 2021, to post a whopping US$257 billion in revenue.

This marks the first time the company has broken the $200 billion a year barrier, amidst rapid growth – in 2016, the company was ‘only’ making a scant $90 billion.

In the December quarter, Alphabet reported revenue of $75.3 billion, up 32 per cent from 2020.

“Q4 saw ongoing strong growth in our advertising business, which helped millions of businesses thrive and find new customers, a quarterly sales record for our Pixel phones despite supply constraints, and our Cloud business continuing to grow strongly,” CEO Sundar Pichai said in a statement accompanying the earnings release.

The company doesn’t split apart its various business interests, lumping earnings in broad, vague categories like ‘Google – other” in its breakdowns.

The company also declared a 20-for-1 stock split.

The stock split will give $0.001 for each share of the company’s Class A stock, Class B stock and Class C stock.

“The reason for the split is it makes our shares more accessible,” Ruth Porat, Alphabet’s CFO, said of the one-time deal.

You may also like
Samsung, Google Partner For Health Connect Platform
Aussie TV Networks Want Protection From Meta, Google
Google Improve Third-Party App Video Capture
Google Makes Android Auto Split-Screen
Google Reveal Pixel 7 and Pixel 7 Pro