After breaking the record with annual revenues of $ 257 billion in 2021 – the first time the firm's earnings above $ 200 billion – Alphabet, Google's parent company, stated that revenue for the first quarter of 2022 climbed by 23% over the same period the previous year. The sum totaled 68 billion dollars in the past.

However, due to greater spending in 2021, its net profit fell to $16.4 billion from $17.9 billion last year, owing to a more than $1 billion rise in research and development costs in the first quarter compared to the same period in 2021, jumping from $7.485 billion to $9.1 billion.

In the first quarter, Google's advertising income from the search engine, YouTube, and its numerous ad networks totaled $54 billion, with the rest coming from other Google services.

YouTube ad income increased as too, hitting $6.86 billion, although at a slower rate than it had been during the pandemic's first two years. YouTube expanded its support for short programs for creators and viewers, but the increase did not meet analyst forecasts, and the company's stock prices plummeted by roughly 7% in the trading session following the closure.

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Earnings for the first quarter of the previous 13 years at Google:

  • $68.0 billion in 2022
  • $55.3 billion in 2021
  • $41.2 billion in 2020
  • $36.3 billion in 2019
  • $31.1 billion in 2018
  • $24.8 billion in 2017
  • $20.3 billion in 2016
  • $17.3 billion in 2015
  • $15.4 billion in 2014
  • $12.9 billion in 2013.
  • $10.6 billion in 2012
  • $8.6 billion in 2011
  • $6.8 billion in 2010

“The first quarter witnessed great growth in the search and development of cloud services in particular that help consumers and organizations digitally adapt,” Sundar Pichai, CEO of Google and Alphabet, stated. We'll keep investing in exceptional goods and services, as well as providing possibilities for partners all around the world.”

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