Author: Kim Lyons
Illustration by Alex Castro / The Verge
Google parent company Alphabet hit a new record for annual revenue in 2021, showing no ill effects from the lingering coronavirus pandemic or ongoing issues with the global supply chain. For full-year 2021, the company saw a 41 percent year-over-year jump in revenue to $257 billion. The company reported revenue of $75.3 billion in the fourth quarter of 2021, up 32 percent from the year earlier.
“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,” Alphabet and Google CEO Sundar Pichai said in a statement accompanying the earnings release....
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Illustration by Alex Castro / The Verge
Google parent company Alphabet hit a new record for annual revenue in 2021, showing no ill effects from the lingering coronavirus pandemic or ongoing issues with the global supply chain. For full-year 2021, the company saw a 41 percent year-over-year jump in revenue to $257 billion. The company reported revenue of $75.3 billion in the fourth quarter of 2021, up 32 percent from the year earlier.
“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,” Alphabet and Google CEO Sundar Pichai said in a statement accompanying the earnings release....
Continue reading…
Continue reading...