It shouldn’t be possible for a company this big to grow so much in a quarter, but it happened: Google’s parent company Alphabet reported a net income of $19 billion on revenues of $65 billion. The latter is a gain of 39 percent.
“Five years ago, I laid out our vision to become an AI-first company,” Alphabet and Google CEO Sundar Pichai said. “This quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure.”
$59.9 billion of that $65 billion in revenues came from Google, and 89 percent of Google’s revenues came from advertising. The Google Cloud delivered another $5 billion in revenues, and Other Bets earned $182 million in revenues with a net loss of $1 billion.
Google ended the quarter with 150,000 employees, up from 132,000 in the year-ago quarter.