Google’s revenue continues to grow as its profits are still shrinking

Illustration: The Verge

Earlier this summer, Google’s parent company Alphabet made it clear that it was trying to get into fighting form as its profits slipped. The company’s earnings report, released on Tuesday, however, shows that it still appears to be on the same path of growing revenue but shrinking profits.

This quarter, the company reports that it earned around $69 billion and made $13.9 billion in profit. That’s compared to its exceptional Q3 2021, when it brought in $65.1 billion in revenue, netting $18.9 billion and making for a fifth straight quarter of record-breaking profits. As another point of comparison, the company earned almost $69.7 billion last quarter, with profits of around $16 billion.

Google’s revenue in Q3

2021: $65.1 billion

Continue reading…

Read More

Web Source: The Verge – All Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.