Google Cloud’s Segment Revenue was Up 36% in 2022 Q2

Alphabet (NASDAQ: GOOGL) announced its 2022 Q2 financial results on July 26, 2022. According to the announcement, total revenues, operating income and net income were up 13%, up 1% and down 14%, respectively (YoY, 3 months).

Looking at revenue growth of each segment, Google Cloud had the highest revenue growth of up 36% (YoY, 3 months). It was followed by Google Search & other of up 14%. In addition, YouTube ads. revenue was up 5%. Currently, Google Cloud’s revenue accounts for only about 9% of total revenues. In addition, it has not achieved profitability as a sole business. However, increase in costs tends to be kept low against the increase in revenue in the cloud business. Thus, it is possible that the expansion of the cloud related subscription business will have an effect on improving the Alphabet’s profitability in the future.

A decorative image of "google". This image shows a man typing key words on top page of Google Search.
Photo by Firmbee.com on Unsplash

Finally, Alphabet executed a 20-for-one stock split with a record date of July 1, 2022. It was effected in the form of a one-time special stock dividend on each share of the company’s Class A, Class B, and Class C stock.

Watanabe & Brothers’ Investment continuously invests in Alphabet from a long term perspective. 

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