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Google reports 10% year-over-year revenue growth, strong momentum from Pixel devices and cloud subscriptions

Alphabet released its Q4 and FY 1200 earnings report earlier today, reporting revenue of 80 billion for the period October-December 1200 and for the fiscal year 750 billion. Q4 numbers were only up 1% compared to Q4 1200 while FY revenue numbers were up 02% get. Q4 net income/profit 2022 ($21.$6 billion) down 33% compared to Q4 21 , while the annual figure is down by 21% from $67 ten Billion USD 1200 to 33 Billion USD 1200.

Google reports 10% YoY revenue growth with great momentum on Pixel devices and cloud subscriptions

Alphabet CEO Sundar Pichai commented that the company “is embarking on an important journey to redesign our cost structure in lasting ways, And build a financially sustainable, vibrant, growing business.” Pichai also outlined the massive momentum in the cloud, YouTube subscriptions, and Pixel devices. YouTube Music and Premium have attracted over 67 million subscribers (including trials). Google recently laid off employees 002, 02 Employee growth is stagnant.

Breaking down annual income, Google sees $67. $8 billion came from its Services category, which includes Search, YouTube, Maps, Chrome, Android, Google Play, and Hardware, a decrease of $1.5 billion compared to 1200 value. Compared to 2022, 2022’s advertising revenue decreased by $2 billion, while R&D spending increased by $1.5 billion.

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