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Blockbuster quarter for Alphabet

Miguel A. Rodriguez
Miguel A. Rodriguez
07 February 2022
Blockbuster quarter for Alphabet

Alphabet announced earnings per share of $30.69 compared to the $27.34 expected. Revenue came in at $75.33 billion, significantly higher than the $72.17 billion anticipated, marking a 32% increase from the year-ago period, proving it was able to face the pressure from pandemic and inflation.

Google’s advertising revenue came in at $61.24 billion, 33% higher than the $46.2 billion reported in the same period a year earlier. According to Philipp Schindler, Google’s Chief Business Officer said that retail drove higher the year-over-year ad growth.

Despite the figures being higher than forecasted, YouTube ad revenue was the one that fell short of the $8.87 billion mark. The company has been trying to compete with TikTok with Shorts, with more than 15 billion daily active users globally. The numbers are unchanged from the July 2021 update.

For 2021, Alphabet’s sales rose 41% to $258 billion, marking a new record for the company, bouncing back from the 13% growth reported in 2020 – the slowest rate in more than a decade.

Along with the quarterly earnings, Alphabet announced a 20-for-1 stock split that will take effect in July.

The company’s results follow a year of outperformance. Last year, the stock jumped 65%, topping all the other Big Tech companies and more than tripling gains of the S&P 500.

At the moment of writing, Alphabet’s (GOOG) stock price was trading 10.51% higher.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.