Home > News content

Google parent company Q4 net profit of $20.6 billion up 36% year-on-year

via:凤凰网     time:2022/2/2 8:06:27     readed:166

谷歌公司

Google Inc

On February 2, Beijing time, Google parent company Alphabet (NASDAQ: GOOG, GOOGL) today released its financial results for the fourth quarter and full year of fiscal 2021 as of December 31. According to the financial report, alphabet's total revenue in the fourth quarter was $75.325 billion, up 32% from $56.898 billion in the same period last year, and net profit was $20.642 billion, up 36% from $15.227 billion in the same period last year.

Google's annual revenue topped $200 billion for the first time, and fourth-quarter revenue and earnings per share both exceeded analyst consensus expectations, propelling the stock up more than 8 percent in after-hours trading.

Stock Price Performance:

谷歌母公司Q4净利润206亿美元 同比增长36%

Figure 2: Alphabet shares surged 8.08% after hours

Alphabet Class A shares opened at $2751.89 on the NASDAQ exchange on Tuesday. As of Tuesday's close, Alphabet shares were up $46.81 to close at $2752.88, or 1.73 percent. As of 17:28 EST on Tuesday (6:28 Beijing time on Tuesday), Alphabet shares rose $222.57, or 8.08%, in after-hours trading. Over the past 52 weeks, Alphabet's share price has peaked at $3,019.33 and as low as $1,906.37.

Fourth Quarter Results Highlights:

Total revenue was US$75.325 billion, up 32% from US$56.898 billion in the same period last year;

Google Advertising revenue was $61.239 billion, up 33% from $46.199 billion in the same period last year; Google Search and other revenue was $43.301 billion, up 36% from $31.903 billion in the same period last year; YouTube advertising revenue was $8.633 billion, up 25% from $6.885 billion in the same period last year;

Total cost of access to traffic (TAC) was $13,427 million, up 28% from $10,466 million in the year-ago quarter;

Operating profit was US$21.885 billion, an increase of 40% from US$15.651 billion in the same period of the previous year; operating profit margin was 29%, an increase of 1 percentage point from 28% in the same period of the previous year;

Net other income was $2,517 million, down 17% from $3,038 million in the year-ago quarter;

Net profit was US$20.642 billion, up 36% from US$15.227 billion in the same period last year;

Diluted earnings per share were $30.69, up 38% from $22.30 for the year-ago quarter;

The total number of employees was 156,500, compared to 135,301 in the same period last year.

By Sector:

Google Services' fourth-quarter revenue was $69.400 billion, up 31% from $52.873 billion in the year-ago quarter, and operating profit was $25.993 billion, up 36% from $19.066 billion in the year-ago quarter;

Google Cloud's fourth-quarter revenue was $5,541 million, up 45% from $3,831 million in the year-ago quarter; operating loss was $890 million, narrowing by 28% from an operating loss of $1,243 million in the year-ago quarter;

Other Bets' fourth-quarter revenue was $181 million, down 8% from $196 million in the year-ago quarter, and operating loss of $1,450 million, up 28% from an operating loss of $1,136 million in the year-ago quarter;

Hedging income was $203 million in the fourth quarter, compared to a hedging loss of $2 million in the year-ago quarter.

Key points for fiscal 2021 annual results:

Total revenue was $257,637 million, up 41% from $182,527 million in fiscal 2020;

Operating profit was US$78.714 billion, up 91% from US$41.224 billion in fiscal 2020, and operating margin was 31%, up 8 percentage points from 23% in the same period last year;

Net profit was $76,033 million, up 89 percent from $40,269 million in fiscal 2020.

Share Split Plan:

Google parent company Alphabet announced Tuesday that its board has approved a 1:20 share split plan. Alphabet said it would split the company's Class A, B and C stocks in the form of a one-time special stock dividend. The plan also requires shareholder approval. If approved for the scheme, each shareholder registered as of the close of the stock market on July 1, 2022, will receive dividends on an additional 19 shares of its kind after the stock market closes on July 15, 2022.

Executive Reviews:

Sundar Pichai, CEO of Google and Alphabet, said: "Our deep investment in AI technology continues to drive extraordinary and useful experiences for individuals and businesses in our most important products. We saw continued strong growth in advertising in the fourth quarter, helping millions of businesses thrive and discover new businesses. Despite tight supply, Pixel mobile phones recorded quarterly sales and our cloud business continued to grow strongly. (Author/Zhenyu)

For more first-hand news, welcome to download the Phoenix News client to subscribe to Phoenix.com Technology. If you want to see in-depth reports, please search for "Phoenix Network Technology" (iFeng Technology) on WeChat.

translate engine: Bing

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments