Google’s parent company Alphabet released its first quarter financial report for the 2021 fiscal year. The report showed that Google’s revenue in the first quarter was US$ 55.314 billion, a year-on-year increase of 34% , and its net profit was US$ 17.930 billion, a year-on-year increase of 162% .
In the main business, Google search engine, Gmail , maps and other services have brought about 30% profit growth, with revenue of 31.88 billion U.S. dollars, and YouTube revenue of 6 billion U.S. dollars, an increase of 49% , which is higher than analyst expectations. the 57 billion dollars.
The revenue of cloud services reached US$ 4.05 billion, an increase of 46% , which was not far from market expectations. It is worth mentioning that although cloud services lost US$ 974 million, compared with the same period last year, the amount of loss has shown a significant amount of loss. Downward trend.
Alphabet Inc. CEO Sundar Pichai said in the earnings call that YouTubeShorts ’ competitor TikTok now has approximately 6.5 billion views per day, a significant increase from the 3.5 billion views at the end of January , while YouTubeShorts is on the way to catching up with its opponents.