Google’s parent company earned revenues of $75.32bn in Q4 2021, which is a year-over-year growth of 32%

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Google’s parent company Alphabet earned revenues of $75.32bn in Q4 2021. (Credit: Grendelkhan/Wikimedia Commons)

Alphabet has posted an unaudited net income of $20.64bn for the fourth quarter of 2021 (Q4 2021), a 35.6% increase compared to $15.22bn for the same quarter of the previous year.

In the previous quarter, that is Q3 2021, the parent company of internet major Google had reported a net income of $18.93bn.

Alphabet’s diluted earnings per share (EPS) in the reported quarter ended 31 December 2021 were $30.69, an increase of 37.6% compared to $22.3 reported in the same quarter of 2020.

Its revenues for Q4 2021 were up by 32% to $75.32bn, compared to $56.89bn in Q4 2020. In Q3 2021, Alphabet’s revenues were $65.11bn.

Alphabet and Google CFO Ruth Porat said: “Our fourth quarter revenues of $75 billion, up 32% year over year, reflected broad-based strength in advertiser spend and strong consumer online activity, as well as substantial ongoing revenue growth from Google Cloud.

“Our investments have helped us drive this growth by delivering the services that people, our partners and businesses need, and we continue to invest in long-term opportunities.”

Alphabet earned $61.23bn in revenues from its Google advertising business for Q4 2021, an increase of 32.5% compared to $46.19bn in the same quarter of 2020. These include revenues from Google Search and others ($43.3bn), Youtube ads ($8.6bn), and Google Network ($9.3bn).

Google Cloud contributed revenues of $5.54bn for the reported three months, an increase of 44.6% compared to $3.83bn in the corresponding period of 2020.

For the full year 2021, Alphabet’s net income was $76bn, an increase of 88.7% compared to $40.26bn in 2020. Its revenues for 2021 were $257.63bn, which is an increase of 41%, compared to $182.52bn in 2020.

Alphabet and Google CEO Sundar Pichai said: “Our deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses, across our most important products.

“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.”

Recently, Google committed an investment of up to $1bn in Bharti Airtel, an Indian telecom services provider, to expedite the growth of India’s digital ecosystem.