Google’s parent company, Alphabet, announced how much money it made in 2022. The statements made reveal that there is a serious contraction in profitability despite the increase in revenues.
The umbrella company of the US-based technology giant Google Alphabetpublished its financial position report for the last quarter of 2022. Alphabet CEO Sundar Pichai touted the figures as “great momentum”, but the facts were different. Because Google’s revenues, great acceleration did not increase.
Alphabet announced that it made $283 billion in all of 2022. This gain is from the previous year. was more than 10 percent. However, there is a serious contraction in the profit margin of the company. Alphabet’s profitability of $60 billion in 2022 decreased by 21 percent. The company announced a profit of $ 76 billion in 2021.
Alphabet’s earnings in the last three months have increased by only 1 percent
When we look at the data for the last quarter of 2022, it is very uninspiring We encounter results. Because the company’s revenues increased by only 1% in the last quarter compared to the previous year and were recorded as 76 billion. Profitability declined to 24 percent on an annual basis and $13.6 billion declared as.
There is an increase in the number of employees!
Google’s parent company Alphabet recently mass dismissal took the decision had announced. According to the statement, the roads would be separated with 12 thousand employees. The number of employees was also clarified in the earnings report announced today. Alphabet today It has 190,234 personnel. This figure was 186,779 at the end of the previous quarter. The cost of mass dismissal, according to the company, 1.9-2.3 billion dollars will be in range.
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Alphabet’s main revenue categories are missing
The earnings report provides information, albeit limited, on the basis of categories. Accordingly, Alphabet’s main source of income, advertising, lost more than $2 billion in revenue in the last quarter of 2022. Including Android, Chrome, Google Maps, Google Play Store, Search and YouTube in the service category There is a loss of $1.5 billion in revenue. Alphabet, which lost $ 480 million from cloud technologies, 670 million dollar lost.
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The number of YouTube Music and YouTube Premium users did not increase!
Alphabet made a statement in November 2022 and around 80 million You have a YouTube Premium subscriber had announced. In the earnings statement made today, the number of 80 million users was pronounced. This statement is in the number of users paying for YouTube. no significant increase it reveals.