Alphabet posts higher revenues but lower profits in 2022

February 3, 2023 9:57

Alphabet Inc, the parent company of Google, has released its financial results for the 2022 year.

Its fourth quarter 2022 consolidated revenues were US$76 billion, ((AU$107 billion) up 1% year-on-year, or up 7% in constant currency, and US$283 billion (AU$400 billion) for the full year 2022, up 10%, or up 14% in constant currency.

Net income for the group was US$59.97 billion for 2022, down from net income of $76 billion in 2021, while for the fourth quarter it was US$13.6 billion, down from US$20.7 billion in the corresponding period 2021. Third quarter 2022 earnings were $69.1 billion (AU$108 billion).

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.