According to the Wall Street Journal on February 2, the quarterly sales of Google's parent company alphabet increased strongly again. Despite the increasing regulatory pressure threatening the future of the search giant, the company's annual profit nearly doubled.
Alphabet announced on Tuesday that its revenue in the fourth quarter was $75.33 billion, an increase of 32% year-on-year. At that time, advertising spending rose because it was expected that the economy would recover rapidly in 2021 after the covid-19 epidemic subsided. Alphabet's quarterly profit increased by a third, making the company's fourth highest annual profit since its listing in 2004.
The company also announced that it would conduct a stock split transaction of one share split and 20 shares split. In recent years, apple and Tesla have also conducted stock split transactions.
Total advertising sales for the December quarter of alphabet rose by a third to $61.24 billion. YouTube is a major contributor, with advertising sales of $8.63 billion and annual advertising sales of $28.85 billion, only nearly $850 million lower than Netflix, a streaming subscription service.
