wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/4\/26\/23043402\/google-alphabet-youtube-q1-2022-earnings<\/a> After a record-breaking 2021<\/a> with annual revenue of $257 billion \u2014 the first time it has gone over $200 billion for a year \u2014 Google\u2019s parent company reports in a filing (pdf)<\/a> that it has started off 2022 with Q1 revenue that\u2019s up 23 percent from the same period last year<\/a>, reaching $68 billion.<\/p>\n However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year\u2019s $17.9 billion. Research and development costs for the quarter rose by over $1 billion compared to Q1 2021, going from $7.485 billion to $9.1 billion. As the New York Times<\/em><\/a> notes, last year the company had a $4.8 billion gain in its stock holdings, and in Q1 2022 it recorded a $1.07 billion loss.<\/p>\n Google\u2019s search business brought in $39 billion, up significantly over the Q1 2021 result of $31 billion. The overall advertising business, including Search, YouTube, and its various ad networks, managed to pull in $54 billion in the first quarter alone. <\/p>\n YouTube advertising revenue was also up, reaching $6.86 billion, but showed slower growth than it has over the last couple of years during the pandemic. Last year, it had grown by about 30 percent but only went up 20 percent this year as competition from TikTok continued to heat up. YouTube has responded by expanding its support of Shorts for creators and viewers, but the growth fell short of analyst expectations, and prices of its shares dropped by about 7 percent in after-hours trading.<\/p>\n Google\u2019s Q1 revenue:<\/p>\n 2022: $68.0 billion \u2014 Jon Erlichman (@JonErlichman) April 26, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n<\/div>\n In an accompanying statement, Google and Alphabet CEO Sundar Pichai said, \u201cQ1 saw strong growth in Search and Cloud, in particular, which are both helping people and businesses as the digital transformation continues. We\u2019ll keep investing in great products and services, and creating opportunities for partners and local communities around the world.\u201d<\/p>\n On a call with investors<\/a>, Pichai called out the investments in YouTube Shorts, where daily views have reached 30 billion, four times higher than a year ago, and that the company is focusing on building a great experience first. He specifically brought up plans for a redesigned YouTube experience that will give viewers more controls and the ability to comment while watching on a connected TV and the increased support for Shorts.<\/p>\n Earlier this year, YouTube chief product officer Neal Mohan went into more detail about the upcoming changes, as well as upgrades for the editing experience, and additional ways for creators to make money from Shorts, with Super Chats, branded content, and eventually, shopping from Shorts. You can listen to him talk about the plans during his appearance on The Vergecast <\/em>with Nilay Patel and Catie Keck<\/a>.<\/p>\n
\n
<\/br><\/code><\/p>\n\n
2021: $55.3 billion
2020: $41.2 billion
2019: $36.3 billion
2018: $31.1 billion
2017: $24.8 billion
2016: $20.3 billion
2015: $17.3 billion
2014: $15.4 billion
2013: $12.9 billion
2012: $10.6 billion
2011: $8.6 billion
2010: $6.8 billion<\/p>\n