Google parent Alphabet’s Q1 profits dropped by more than $1 billion compared to 2021

Google parent Alphabet’s Q1 profits dropped by more than $1 billion compared to 2021

After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion.

However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year’s $17.9 billion.

In an accompanying statement, Google and Alphabet CEO…


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