Google points to Search and Cloud performance driving strong Q1 2022 revenue growth
Every time we hear about Google facing some little struggle here or there — maybe that the Pixel 6, despiteinitial reports of strong sales, is facing anuphill battle with carriers— it’s important to keep in mind that even a project as big as this is just a drop in the bucket when you consider all the company’s ventures. So it shouldn’t be any shock that despite some minor setbacks,Google’s been doing incredibly well for itself, and this afternoon parent companyAlphabet is announcing Q1 2022 revenuestotaling $68 billion.
That’s an increase of 23% over the $55 billion brought in during Q1 2021, and while the comparative rate of growth is slowing, that’s still an impressive high-water mark.
Of its numerous ventures, Google cites Search and Cloud as a couple of the biggest drivers of growth. Search revenue has hit $39.6 billion, up 24% year-over-year, while Cloud revenue is up a staggering 43% YoY, generating $5.8 billion.
In its earnings call, Google started going into a little more detail talking about the trends behind its recent growth. CBO Philipp Schindler identified travel searches as one area Google’s seeing rebound from its pandemic hit. He also points tonew features like Lens multisearchas helping contribute to Google’s Search ad income, although we’re probably not seeing any actual results from that just yet.
YouTube is obviously still huge, with its ad income responsible for some $6.8 billion in revenue. The company soundsoptimistic about Shorts, specifically mentioning advertiser interest, which are now getting some 30 million daily views.
Not every effort is a money-maker (at least not initially), and market volatile helped contribute to a $1.2 billion loss for the broadly categorized “Other Bets” — despite an income boost to $440 million. Play revenues are taking a bit of a hit thanks to ongoing efforts toreshape its income streamstoappease devs and content creators— that said, Google doesn’t seem too concerned.
Finally, the company took the opportunity of this earnings call to reiterate itsongoing support for the people of Ukrainein the face of Russian aggression.
Pixelsnap on a Pixel 9
It’s been a while
Get 14 ports for $170
New data from Circana affirmed that Nintendo Switch 2 is still a resounding success in the United States, having now sold 2 million units
All for better imaging
EA has confirmed the early access release date for the next game in the Skate series
