Alphabet, the parent company of Google, one of the US technology giants, announced its balance sheet for the fourth quarter of 2021.
Accordingly, the company's revenue in the last quarter of last year increased by 32 percent compared to the same period of the previous year, reaching $ 75.3 billion. The company announced revenue of $ 56.9 billion in the October-December period of 2020.
Market expectations for Alphabet's revenue during the period in question were to reach $72 billion.
Alphabet's revenue grew to $257.6 billion in 2021, up 41% from the previous year.
The company's net profit, on the other hand, increased by 36 percent in the last quarter of last year compared to the same period of the previous year, reaching $20.6 billion.
The company's earnings per share, which was $22.3 in the fourth quarter of 2020, increased to $30.69 in the last quarter of last year.
33% increase in Google's ad revenue
In Alphabet's statement, it was also stated that Google's advertising revenues increased year by year.
Accordingly, Google's revenue from ads increased by 33 percent to $ 61.2 billion in the last quarter of last year compared to the same period of the previous year. Google earned $46.2 billion in advertising revenue in the last quarter of 2020.
Youtube's advertising revenue increased by 25 percent in the same period, reaching $ 8.6 billion.
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