Team Pichai scored a 100/100 from Mr. Market last night, to close out a record 2021 for Google — thanks to strong tailwinds in its core businesses of digital advertising and enterprise software.
Quick look at Google’s 4th quarter’s numbers: ☝️
- Revenues of $75.3 billion, jumped 32% YoY
- Google Cloud revenues grew by 45% YoY; YouTube grew 25% YoY
- Finished 2021 with $257 billion in revenues, growing 41%, with 31% operating margins, putting $76 billion in its pockets as profits!
Among other important standouts, YouTube’s advertising empire is now a $35 billion+ annual business, for the first time eclipsing Netflix’s revenues.
And, under Thomas Kurian’s leadership, Google Cloud is now a $20 billion+ run-rate business — slowly catching up with AWS and Microsoft’s Azure.
Worth mentioning — Google also announced a 20:1 stock split. Basically, split a stock into 20 smaller portions — a move meant to bring the stock price down from like $3,000 a pop to something accessible to everyday investors.
Big picture — $GOOGL stock was one of the best performers among FAANG for 2021. Looks like 2022 won’t be all that different.