Q1 2022 vs. Q1 2023 SUMMARY
- Google Search & other revenue: Increased from $39,618M to $40,359M.
- YouTube ads revenue: Decreased from $6,869M to $6,693M.
- Google Network revenue: Decreased from $8,174M to $7,496M.
- Google advertising total revenue: Slightly decreased from $54,661M to $54,548M.
- Google other revenue: Increased from $6,811M to $7,413M.
- Google Services total revenue: Increased from $61,472M to $61,961M.
- Google Cloud revenue: Increased from $5,821M to $7,454M.
- Other Bets revenue: Decreased from $440M to $288M.
- Hedging gains (losses): Decreased from $278M to $84M.
- Total revenues: Increased from $68,011M to $69,787M.
- Total Traffic Acquisition Costs (TAC): Decreased from $11,990M to $11,721M.
- Number of employees: Increased from 163,906 to 190,711.
Q1 2022 vs. Q1 2023 SUMMARY:
- Revenues: Increased from $68,011M to $69,787M.
- Cost of revenues: Increased from $29,599M to $30,612M.
- Research and development (R&D) expenses: Increased from $9,119M to $11,468M.
- Sales and marketing expenses: Increased from $5,825M to $6,533M.
- General and administrative (G&A) expenses: Increased from $3,374M to $3,759M.
- Total costs and expenses: Increased from $47,917M to $52,372M.
- Income from operations: Decreased from $20,094M to $17,415M.
- Other income (expense), net: Improved from ($1,160M) to $790M.
- Income before income taxes: Decreased slightly from $18,934M to $18,205M.
- Provision for income taxes: Increased from $2,498M to $3,154M.
- Net income: Decreased from $16,436M to $15,051M.
Highlights
- Overall revenues increased year over year, but growth was modest.
- Costs and expenses increased across all categories, with a notable increase in R&D expenses.
- Income from operations decreased, indicating lower operational profitability.
- Positive change in other income (expense), net, contributed to offsetting some of the decrease in income from operations.
- Despite higher revenues, net income decreased year over year, partially due to higher provision for income taxes.
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