Google Financial Performance

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Google and Alphabet, its parent company, has an $800 billion market cap. 2019-2022: Google announced its entry into the video game industry, launching Google Stadia, a cloud gaming platform. In 2020 an antitrust lawsuit was filed against the company, claiming the company had gone against a monopoly position in the search advertising and search markets. Following the Covid-19 pandemic in 2020, Google announced a raft of cost-cutting measures, which included cutting down hiring for the rest of 2020.


Reports indicate that Google paid $20 million for founder email lists Ubisoft ports on Google Stadia. The company invested colossal amounts of money in getting major publishers like Take-Two and Ubisoft to bring some of the most significant games to Stadia. Google made its largest acquisition in 2022 when it bought Alter, a digital avatar company, for $100 million. Earlier that year, the company had acquired Mandiant, a cybersecurity firm, for $5.


4 billion. Revenues, Expenses, and Profit When Google’s quarter three 2022 earnings were recently announced, there was a 27% profit decline compared to the previous year. While revenue increased by 6% year-over-year to hit $69.1 billion, it was a massive growth drop from the same period the previous year, which recorded a 41% increase. Profits were $13.9 billion, a drop from $18.