Google Financial Performance: Revenue, Expenses, and Profit

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Google announced its entry into the video game industry with the launch of Google Stadia, a cloud gaming platform. In 2020, an antitrust lawsuit was filed against the company, alleging that the company was in breach of a monopoly position in the search advertising and search markets.

Following the Covid-19 pandemic in 2020, Google announced a series of cost-cutting measures, including cutting hiring for the remainder of 2020. Reports suggest that Google paid $20 million for Ubisoft ports on Google Stadia. The company invested huge sums to get major publishers like Take-Two and Ubisoft to bring some of its flagship games to Stadia.

Google made its biggest acquisition of 2022 when it bought digital avatar company Alter for $100 million. australia whatsapp number data Earlier that year, the company had acquired cybersecurity firm Mandiant for $5.4 billion.


. Google’s Q3 2022 earnings were recently announced, showing a 27% year-over-year decline in profit. While revenue rose 6% year-over-year to $69.1 billion, this was a huge drop in growth from the same period last year, which saw a 41% increase.