Alphabet Inc. (Google’s parent’s company) for the first time has surpassed the annual revenue of $200 billion for the first time. Due to pandemic, the growth might have been slow in the year 2020, the growth dipped by 13% for the first time in a decade but came back stronger later in 2020.
In 2021, Alphabet Inc. ended with $258 billion in revenue surpassing what they had earned in 2020 by $75 billion. Google, X Development, Calico, Nest, Verily, Fiber, Makani, CapitalG, Gv and 200+ more companies acquired over the years. While there might have been mergers and acquisitions over the years, Google has remained to be the topmost revenue grossing company for Alphabet. 80% of Alphabet’s revenue comes from Google Ads.
In a decade, Alphabet has remained a company synonymous with growth. In 2011, Alphabet had a revenue of $38 billion while in 2021 it earned a whooping revenue of $258 billion. Here is the breakdown of revenues over the years from Alphabet –
There was a recent update by Apple regarding privacy in iOS asking users if apps could track and record the data, leading to a huge loss for companies like Facebook, Snapchat, Twitter which was worth $10 billion. But Alphabet (Google) was hardly affected since Google Search and YouTube were able to fetch the data from users.
It is amazing how Google has kept a market share of 90%+ in the whole world in spite of so many private search engines such as You.com, DuckDuckGo, etc trying to save the personal data of users. It is really worth wondering if any search engine could match with Google as far as revenue and ease is concerned.