Google’s stock rose 10% on Wednesday as it posted revenues of $75.33 billion in the fourth quarter of 2021, up 32% from the prior year, according to the company’s press release.
- For FY21, Alphabet’s revenue hit $257.64 billion, representing an increase of 41% from the prior year.
- The fourth quarter’s operating income was reported at $21.89 billion or a margin of 29%, up from an operating income of $15.65 billion or a margin of 28% in the prior year. FY21 operating income was $78.71 billion, up from $41.224 billion in the prior year.
- The company reported a net income of $20.64 billion or $30.69 per share in the fourth quarter, up from a net income of $15.23 billion or $22.30 per share in the prior year.
- Google cloud narrowed the operating loss from $1.243 billion in the prior year’s quarter to an operating loss of 890 million in Q4 2021.
Alphabet announced a 20-for-one stock split, which they believe would help it attract smaller investors. GOOGL: NASDAQ is up +10.56% on premarket.