Alphabet closed 2023 with 73,795 million dollars in revenue

February 5, 2024 by
Frank Calviño

Alphabet, Google's parent company, earned 73,795 million dollars (68,152 million euros) in 2023, an increase of 23% over the previous year, the US company has published.

For 2023 as a whole, Alphabet had a cumulative turnover of $307,394 million (€283,769.8 million), up 9% from a year earlier. "We are pleased with the continued strength of search and the growing contribution of YouTube and cloud. 

Each is already benefiting from our investments and innovation in AI. As we enter the Gemini era, the best is yet to come," stated Sundar Pichai, CEO of Alphabet.

Regarding its business segments, Google's annual advertising revenues from the search engine rose by 12.7% to 48.02 billion dollars (44.34 billion euros). 

YouTube advertising revenue surpassed 9.2 billion dollars 

YouTube's advertising revenue was 9.2 billion dollars (8,495 million euros), up 15%, while the cloud business reached 9,192 million dollars (8,486.3 million euros), up 26% year-on-year.

Between October and December, the company posted a net profit of 20.687 billion dollars (19,092.7 million euros), up 52% compared to the same period in 2022, while its revenues rose 13% to 86.310 billion dollars (79,656.2 million euros).

In this regard, Ruth Porat, Alphabet's chief financial officer, described the company's results at the end of 2023 as "very solid": "We remain committed to sustainably reshaping our cost base as we invest in supporting our growth opportunities."

Over the course of 2023, the multinational company made thousands of redundancies and ended the year with a workforce of 182,502 employees, compared to 190,234 a year earlier.

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