Alphabet’s February 2 results report lower advertising revenue: Google’s fourth-quarter ad revenue fell to US$59.04 billion from US$61.24 billion a year earlier.
Search and other revenue slipped to $42.60 billion; YouTube ads fell to $7.96 billion. Google Cloud revenue grew 32% to $7.32 billion. Its operating loss narrowed to $480 million from $890 million.
Overall quarterly revenue rose 1% to $76.05 billion. Net income dropped to $13.62 billion from $20.64 billion. Full-year revenue rose 10% to $282.84 billion.
Alphabet also expects $1.9–2.3 billion in severance-related charges, mostly in the first quarter of 2023, following January’s workforce reduction. Starting in 2023, DeepMind will move from Other Bets to corporate costs in Alphabet’s segment reporting.
Photo: Anthony Quintano, “Google at the 2012 Democratic National Convention North Carolina”. Taken 6 September 2012. CC BY 2.0. Resized and cropped. Historical Google display; no endorsement implied.
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