Alphabet (Google's parent company) today released the company's fourth-quarter financial report for the 2021 fiscal year ended December 31st. The report shows that Alphabet’s total revenue in the fourth quarter was $75.325 billion, an increase of 32% compared with $56.898 billion in the same period last year; excluding the impact of exchange rate changes and hedging effects, Alphabet’s total revenue in the fourth quarter was $75.395 billion US dollars, a year-on-year increase of 33%; according to US GAAP, Alphabet's fourth-quarter net profit was $20.642 billion, compared with $15.227 billion in the same period last year, a year-on-year increase of 36%.
Alphabet's total revenue in the fourth quarter was $75.325 billion, an increase of 32% compared with $56.898 billion in the same period last year; excluding the impact of exchange rate changes and hedging effects, Alphabet's total revenue in the fourth quarter was $75.395 billion, an increase of 33% year-on-year. Alphabet calculates total revenue in accordance with GAAP, before deducting traffic acquisition costs (TAC). Alphabet's fourth-quarter traffic acquisition spending, or revenue sharing with partners, was $13.427 billion, compared with $10.466 billion in the same period last year;
According to US GAAP, Alphabet's fourth-quarter operating profit was $21.885 billion, or 29% of revenue, or operating margin. In contrast, according to US GAAP, Alphabet's operating profit was $15.651 billion in the same period last year, accounting for 28% of revenue;
According to US GAAP, Alphabet's fourth-quarter net profit was $20.642 billion, compared with $15.227 billion in the same period last year, a year-on-year increase of 36%;
On a GAAP basis, Alphabet earned $30.69 per diluted share in the fourth quarter, compared with $22.30 per diluted share a year earlier.
Alphabet and Google CEO Sundar Pichai said: "Our deep investment in artificial intelligence technology will continue to drive extraordinary and useful experiences for individuals and businesses on our most important products. In the fourth quarter, we're advertising business continues to grow strongly, helping millions of businesses thrive and find new customers. Despite tight supply, our Pixel phones set a record quarter for sales, and our cloud business continues to grow strongly."
Alphabet CFO Ruth Porat said: "The company's fourth-quarter revenue of $75 billion was up 32% year-over-year, reflecting broad-based strong growth in advertiser spend and strong consumer online activity. , while reflecting continued significant growth in Google Cloud revenue. Our investment in delivering the services individuals, partners, and businesses need have helped us drive this growth and will continue to invest in long-term opportunities."
Alphabet's total fourth-quarter revenue was $75.325 billion, up 32% from $56.898 billion in the same period a year earlier. If exchange rates were flat year-over-year (excluding gains related to the foreign exchange risk management program), Alphabet's fourth-quarter revenue growth would have been 33% year over year.
Fourth-quarter revenue from Google's search and other businesses, Alphabet's Google unit, was $43.301 billion, up from $31.903 billion a year earlier; YouTube advertising revenue was $8.633 billion, up from $6.885 billion a year earlier.
Fourth-quarter web revenue for Alphabet's Google unit, or revenue from Google partner sites through the AdSense program, was $9.305 billion, up from $7.411 billion a year earlier.
Alphabet's Google unit posted $61.239 billion in advertising revenue in the fourth quarter, up from $46.199 billion a year earlier.
Fourth-quarter other revenue for Alphabet's Google unit was $8.161 billion, up from $6.674 billion a year earlier.
Alphabet's Google unit's fourth-quarter combined services revenue, or the sum of the above businesses, was $69.400 billion, up from $52.873 billion a year earlier.
Fourth-quarter Google Cloud revenue for Alphabet's Google unit was $5.541 billion, up from $3.831 billion a year earlier.
Alphabet's fourth-quarter "Other Bets" revenue was $181 million, down from $196 million a year earlier.
Alphabet's fourth-quarter hedging gain was $203 million, compared with a hedging loss of $2 million a year earlier.
By region, Alphabet's revenue from the EMEA (Europe, Middle East, and Africa) region in the fourth quarter was $23.153 billion, an increase of 34% compared with $17.238 billion in the same period last year, excluding the impact of currency changes. An increase of 35%; an increase of 17% compared to the previous quarter, and a sequential increase of 19% excluding the impact of currency changes. Alphabet's fourth-quarter revenue from the Asia-Pacific region was $12.732 billion, an increase of 28% compared with $9.909 billion in the same period last year, or a 31% year-on-year increase excluding the impact of currency changes; an increase compared to the previous quarter 9%, or 10% sequentially excluding the impact of exchange rate changes. Alphabet's fourth-quarter revenue from the U.S. was $347.90, an increase of 30% from $26.703 billion in the same period a year earlier and a 17% increase from the previous quarter. Alphabet's fourth-quarter revenue from the rest of the Americas was $4.447 billion, an increase of 46% compared to $3.050 billion in the same period last year, or a 44% increase excluding the impact of currency changes; compared to the previous quarter A growth of 21%, excluding the impact of exchange rate changes, was also an increase of 24% month-on-month.
Alphabet's traffic acquisition spending (TAC), or revenue sharing with partners, was $13.427 billion in the fourth quarter, compared with $10.466 billion a year earlier.
Alphabet's total costs and expenses in the fourth quarter were $53.440 billion, up from $41.247 billion a year earlier. Among them, Alphabet's fourth-quarter revenue cost was $32.988 billion, up from $26.080 billion in the same period last year; R&D spending was $8.708 billion, up from $7.022 billion in the same period last year; sales and marketing expenses were $7.604 billion, Up from $5.314 billion in the same period last year; general and administrative expenses were $4.140 billion, up from $2.831 billion in the same period last year.
Alphabet's other income (net value) was $2.517 billion in the fourth quarter, compared with other income (net value) of $3.038 billion a year earlier.
According to GAAP, Alphabet's fourth-quarter operating profit was $21.885 billion, or 29% of revenue, or operating margin. By comparison, under GAAP, Alphabet's operating profit was $15.651 billion a year earlier or 28% of revenue. Among them, the operating profit of the Google Services division was US$25.993 billion, higher than the US$19.066 billion in the same period of the previous year; the operating loss of the Google Cloud division was US$890 million, compared with the operating loss of US$1.243 billion in the same period last year; Operating loss from the Other Bets business was $1,450 million, compared to an operating loss of $1,136 million a year earlier; unallocated corporate costs were $1,768 million, compared to $1,036 million a year earlier.
According to US GAAP, Alphabet's fourth-quarter net profit was $20.642 billion, compared with a net profit of $15.227 billion in the same period last year, a year-on-year increase of 36%. On a GAAP basis, Alphabet earned $30.69 per diluted share in the fourth quarter, compared with $22.30 per diluted share a year earlier.
Alphabet's fourth-quarter net cash from operating activities was $24.934 billion, compared with $22.677 billion a year earlier. Alphabet's fourth-quarter free cash flow was $18.551 billion.
Excluding cash classified as held for sale as of December 31, 2021, Alphabet held cash and cash equivalents totaling $20,945 million, compared to $26,465 million as of December 31, 2020 Dollar.
As of December 31, 2021, Alphabet employed a total of 156,500 full-time employees worldwide, compared to 135,301 as of December 31, 2020.
Investors can visit the investor relations channel of Alphabet's website at investor.google.com to listen to a webcast of Alphabet's conference call, which will begin at 4:30 p.m. ET on February 1 (5:30 a.m. Beijing time on February 2). )Start.
Alphabet’s total fourth-quarter revenue was $75.325 billion, beating analysts’ expectations. According to data provided by Yahoo Finance, 29 analysts had on average expected Alphabet's fourth-quarter revenue to reach $72.13 billion. On a GAAP basis, Alphabet's fourth-quarter diluted earnings per share came in at $30.69, beating analysts' expectations. According to data provided by Yahoo Finance Channel, 27 analysts had expected Alphabet's fourth-quarter earnings per share to reach $27.48 on average. Shares of Alphabet surged more than 7% in after-hours trading in New York following the earnings report.
On the same day, Alphabet (Nasdaq: GOOGL) shares rose $43.60 in regular Nasdaq trading to close at $2757.57, an increase of 1.61%. In subsequent after-hours trading as of 4:37 p.m. Eastern Time on February 1 (5:17 a.m. Beijing time on February 2), Alphabet’s stock price rose again by $200.42 to $2,957.99, or 7.27%. Over the past 52 weeks, Alphabet's highest price was $3,037.00 and its lowest price was $1,914.49.
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