The net revenue of Alphabet, the parent company of Google increased by close to $1.8 billion in the first quarter of 2023 compared to the same quarter of the last year.
FY 2022
Net Revenue
Q1
$68,011
Q2
$69,685
Q3
$69,092
Q4
$76,048
Total
$282,836
Alphabet enjoyed significant revenue growth in the first quarter of 2022 compared to the same quarter of the prior year. Its revenue grew by more than $12.5 billion in the first quarter of 2022 compared to the same period last year. In the second and third quarters also the company enjoyed impressive revenue growth compared to the same quarters of the prior year. In the last quarter of 2022, the company generated $76.05 billion compared to $75.325 billion in the same quarter of the prior year.
FY 2021
Net Revenues ($ millions)
Q1
$55,314
Q2
$61,880
Q3
$65,118
Q4
$75,325
Total
$257,637
The net revenues of Alphabet Inc (the parent company of Google) was higher during each quarter of 2021 compared to the previous year. Its revenues remained the highest durign the fourth quarter at $75.33 billion compared to $56.9 billion during the same period in the previous year. Its total revenues for the fiscal 2021 remained $257.64 billion compared to $182.53 billion in 2020.
Fy 2020
Net Revenues ($ millions)
Q1
$ 41,159
Q2
$ 38,297
Q3
$ 46,173
Q4
$56,898
Total
$182,527
FY 2019
Net Revenue (m)
Q1
$36,339
Q2
$38,944
Q3
$40,499
Q4
$46,075
Total
$161,857
Net Revenue of Alphabet steadily increased each quarter during 2019. During the first quarter its net revenue was $36.34 billion which grew to $38.94 billion in the second quarter of 2019 and $40.5 billion during the third quarter. In the last quarter of fiscal 2019, the net revenue of Alphabet grew to $46.08 billion. Total net revenue of Alphabet for fiscal 2019 was $161.86 billion, a growth of 18% over the previous year.
FY 2018
Revenues (Millions)
Q1
$ 31,146
Q2
$ 32,657
Q3
$ 33,740
Q4
$ 39,276
Total
$136,819
FY 2017
Revenues (Millions)
Q1
$ 24,750
Q2
$ 26,010
Q3
$ 27,772
Q4
$ 32,323
Total
$110,855
FY 2016
Revenues (Millions)
Q1
$20,257
Q2
$ 21,500
Q3
$ 22,451
Q4
$ 26,064
FY 2015
Revenues (Millions)
Q1
$17,258
Q2
$17,727
Q3
$18,675
Q4
$21,329
FY 2014
Revenues (Millions)
Q1
$15,420
Q2
$15,955
Q3
$16,523
Q4
$18,103
About Alphabet:
Alphabet is the parent company of Google. It has its headquarters located at Mountain View California, United States.
Apart from its google search engine and advertising products, Alphabet offers a vast range of products including Cloud services and other services like Chrome Browser and Google Maps.
The CEO of Alphabet is Sundar Pichai. Alphabet’s main source of revenue if digital advertising followed by cloud services. It also owns YouTube and some other businesses that are collectively called Other Bets.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.