Sundar Pichai-Led Company Record $257 Billion Revenue In 2021

Alphabet, Google’s parent company, has registered a record $257 billion in annual revenue for the full year 2021 — a 41% (on-year) jump from the previous year, as the pandemic accelerated digital transformation across sectors.

In the 4th quarter (Q4) of 2021, the company reported a revenue of $75.3 billion, up 32% from the year earlier.

“Q4 saw ongoing strong growth in our advertising business, which helped millions of businesses thrive and find new customers, a quarterly sales record for our Pixel phones despite supply constraints, and our Cloud business continuing to grow strongly,” Pichai, Alphabet, and Google CEO said in a statement late on Tuesday.

More than 9% of its shares increased in extended trading on better-than-expected earnings and revenue.

In addition, the company announced a 20-for-1 stock split that will take effect in July.

The company saw record growth in strong consumer online activity, advertiser spending, and substantial ongoing revenue growth from Google Cloud.

Google’s advertising revenue was $61.24 billion for the quarter, up 33% from $46.2 billion in the same quarter last year.

Cloud revenue for the quarter grew by 45% to $5.54 billion. It posted an operating loss of $890 million on its Cloud segment.