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
YouTube Shorts with Veo 2
Google Boosts Online AI Video With Veo 2
IS Samsung & Telstra Set To Fall Out Over AI Following Galaxy S25 Launch
AI Dominates at US Super Bowl
China Mulls An Apple Probe as Tariff War Festers
Google Pixel Update Fixes Security And Bluetooth Bugs

Popular Posts

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
/
Seagate To Acquire Intevac In All-Cash Deal
Latest News
/
/
YouTube Shorts with Veo 2
Google Boosts Online AI Video With Veo 2
Latest News
/
/
Leaked Renders Of Samsung Budget Galaxy A36 Revealed
Latest News
/
/
French AV Brands Getting Traction In OZ Advance Paris The Latest
Latest News
/
/

Digital Magazines

Recent Post

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
//
Comments are Off
  Six months after Worldwide Appliances took on the Everdure Barbecue brand the business has announced price rises of between...
Read More