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Alphabet’s quarterly profit grew by almost one and a half times
The American holding Alphabet, which owns the Internet giant Google, reported on its work in the last quarter of 2021 and last year as a whole: significant growth was noted in key financial indicators.
In the period from October to December inclusive, Alphabet revenues were $ 56.9 billion. This is 23% more than the result for the same quarter of the previous year, when revenue was $ 46.1 billion. Annual revenue rose from $ 161.9 billion to $ 182.5 billion.
The holding’s quarterly profit jumped almost one and a half times – from $ 10.7 billion to $ 15.2 billion. Profit at the end of 2021 as a whole amounted to $ 40.3 billion against $ 34.3 billion a year earlier.
Google’s ad services continue to generate the lion’s share of revenue, accounting for $ 46.2 billion in Q4 last year.
Cloud platform Google Cloud is actively developing. If in the fourth quarter of 2021 it brought in $ 2.6 billion in revenue, then in the last quarter of 2021 it brought in approximately $ 3.8 billion. Annual revenue in this segment increased from $ 8.9 billion to $ 13.1 billion. True, while this area is suffering operating losses, which amounted to $ 5.6 billion last year.
Alphabet continues to optimize assets. Recently it became known that the holding will curtail the sensational project Loon to organize Internet access using balloons flying in the stratosphere.