Alphabet has recently disclosed its financial performance for the fourth quarter and fiscal year ending on December 31, 2023. CEO Sundar Pichai emphasized the ongoing strength in search operations and the increasing earnings from YouTube and the cloud services sector.
Consolidated revenue in the fourth quarter of 2023 amounted to $86 billion, showing a 13% growth compared to the corresponding period in the prior year.
Closure in 2023
In 2023, the total revenue reached $307 billion, with Google accounting for $73 billion, or 24% of the total. This marked an increase from 2022 when the total revenue was $282 billion, with Google’s profit at $59.9 billion, or 21.2% of the total.
| 2022 | 2023 | |
| Total revenue (million) | $282,836 | $307,394 |
| Liquid Profit (million) | $59,972 | $73,795 |
| Profit margin (%) | 21.2% | 24.0% |
The company ended 2022 with 190,234 employees, which was a decrease of 7,732 employees from the previous year’s total of 182,502 staff members.
Highlights of the 2023 Quarter:
- Revenue reached $86.310 million, showing a 13% increase from the previous year.
- Operational profit margin stands at 27%.
- Liquid Profit: It rose to $20.687 million.
Comparison on a yearly basis.
Comparing with the fourth quarter of 2022, gains across various sectors have exhibited significant growth.
| Industry | Q4 2023 | Q4 2022 |
|---|---|---|
| Google Search & Others | $48,020 | $42,604 |
| YouTube Ads | $9,200 | $7.963 |
| Google Cloud | $9,192 | $7.315 |
