Google’s parent company Alphabet has released its financial position report for the last quarter of 2021. In the report prepared by the company, it was stated that revenues increased by 32 percent to $ 75.3 billion. The company also increased its profitability in the last quarter.
US-based tech giant Google’s parent company Alphabetshared its financial situation report for the fourth quarter of 2021. In the statements made by the company, the earnings in the fourth quarter of 2021 $75.3 billion reported as recorded. This income is 32 percent higher than the previous year.
Analysts forecast Alphabet’s fourth-quarter revenue 72 billion dollars as they declared. The numbers announced mean Alphabet revenues exceeded expectations. Moreover, the company announced impressive results not only for the last quarter but also for the year. Alphabet, from the beginning to the end of last year $257.6 billion (257,600,000,000) made money. This money compared to 2020 41 percent increase means.
Alphabet’s pocketed profits, $20.6 billion
The company mentioned not only revenues but also profits in its statements on the subject. Accordingly, the company’s profit will be in the last quarter of 2021. $20.6 billion, up 36 percent was recorded as. The stocks also put a smile on Alphabet’s face. Share lot profit, which was $22.3 in the last quarter of 2020, will increase in 2021. for $30.69 rose.
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Alphabet, in its statements specific to Google advertisement in their income announced a 33 percent increase. According to the company’s statement, Google’s ad revenues increased by 33 percent compared to the same period last year, reaching $ 61.2 billion. YouTube It also increased its advertising revenues, although not as much as Google. The platform’s advertising revenues amounted to $8.6 billion. This figure is 25 percent higher than the same period last year.