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Google had just another record quarter because everything was happening, or nevertheless

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Google has raised more money than ever for the second straight quarter as the COVID-19 pandemic continues. Alphabet Q3 2021 revenue was a record $ 65.1 billion and a record $ 18.9 billion for the fifth straight quarter.

As mentioned in the previous quarter, the growth seen in 2021 was extraordinarily large and made a big leap in 2020.

Q3 Google Revenue

2021: $ 65.1 billion 2020: $ 46.2 billion 2019: $ 40.5 billion 2018: $ 33.7 billion 2017: $ 27.8 billion 2016: $ 22.5 billion 2015: $ 18.7 billion 2014: $ 16.5 billion 2013 : $ 13.8 billion 2012: $ 13.3 billion 2011: $ 9.7 billion 2010: $ 7.3 billion 2009: $ 5.9 billion

John Ehrlichman (@JonErlichman) October 26, 2021

Revenue increased 41% year-on-year. Profit increased by 69%.

Proportionately, all of Google’s businesses look almost the same as in the previous quarter. Compared to $ 35.8 billion in the previous quarter, it’s slightly better in each case, like Google’s most important search business of $ 37.9 billion this quarter. (This is plagued by a year-on-year surge. Searches are being pulled in this year, $ 11 billion more than last year.)

YouTube’s advertising revenue was 70 in the previous quarter, despite concerns that it might hit YouTube, just as Apple iOS Ad Tracking Transparency hits Snap, as users can now easily opt out. It increased from $ 100 million to a record $ 7.2 billion this quarter. But perhaps YouTube would benefit even more without this feature. This is not a significant growth, as it almost doubled year-on-year in the previous quarter and increased by $ 1 billion compared to the previous quarter. Maybe look closely at the revenue call.

Google Cloud isn’t profitable yet and is actually bleeding slightly, with an operating loss of $ 644 million instead of the $ 591 million lost in the previous quarter. Still, cloud revenue increased $ 1.5 billion year-on-year to $ 499 million, up from $ 3.44 billion in 2020. This is an improvement over $ 4.6 billion in the previous quarter.

Pixel 6 and Pixel 6 Pro don’t consider these revenues because they’re brand new, but they may not consider them in the next quarter as Google hasn’t disassembled the hardware. Photo courtesy of Becca Farsace / The Verge

As always, Google’s revenue reporting method doesn’t generally determine if hardware products such as Pixel smartphones, Nest, Chromecast, and Android are functioning properly. Android, Chrome, and all Google hardware initiatives are bundled into a comprehensive Google services category that includes blockbusters such as Search and YouTube.

One of the contributors to growth: Google CEO Philipp Schindler said on the phone that while shoppers are returning to physical stores, local shopping queries are also increasing significantly. CFO Ruth Porat states that this growth is a combination of ongoing widespread advertising spending and ongoing consumer interest. (Both of these were high since the middle of the pandemic, but Big Tech is on track overall.) Porat said Google will be coming from the Google Play app store next quarter due to the impact of the new low-priced subscription app. It says it expects little growth. What I announced last week.

Google faces a swarm of antitrust proceedings claiming that at least some of its profits are unjustified. They have enhanced their own ad-buying system over their competitors, track users even in secret mode, collect location data even after users turn off location sharing, and reach phone makers and app developers. It suggests that you have tried to reward. Recently, it has been accused of limiting the load speed of web pages in order to promote its own AMP competitors.

We’ll also call you on revenue at 1:30 pm Pacific Standard Time to see if Google will add more colors.

developing…

Sources

1/ https://Google.com/

2/ https://www.theverge.com/2021/10/26/22747193/google-q3-2021-earnings-record-revenue-profit

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