Overall, Alphabet reported $75.3bn in revenue for the quarter, and $257.6bn for the year.
Google-owned video platform YouTube advertising revenue has surged 25% to $8.6bn in Q4. For fiscal 2021, YouTube delivered $28.8bn in advertising revenue.
In the same quarter a year earlier, YouTube delivered $6.9bn in advertising revenue, underscoring the continued growth of the platform.
Alphabet, Google’s parent company, saw earnings per share of $30.69 vs $22.30 on a total revenue rise of $75bn, up from $57bn. Analysts polled by FactSet forecast earnings of $27.68 a share and sales of $72.26bn.
In a statement, Google CFO Ruth Porat cited a resurgent advertising business for the company’s growth. “Our Q4 revenues of $75bn, up 32% year-over-year, reflected broad-based strength in advertiser spend and strong consumer online activity, as well as substantial ongoing revenue growth from Google Cloud. Our investments have helped us drive this growth by delivering the services that people, our partners and businesses need, and we continue to invest in long-term opportunities.”
Google Cloud hit $5.5bn sales from $3.8bn.
Alphabet CEO Sundar Pichai said the company’s “deep investment in AI technologies continues to drive extraordinary and helpful experiences for people and businesses, across our most important products. 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 continues to grow strongly.”
