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https://www.statista.com/statistics/513049/alphabet-annual-global-income/
Let's pause a moment and just appreciate how much money Alphabet actually make net (after expenses). $73,795,000,000 last year - higher than the GDP of entire nations, in profit.
The "bad" year, 2022 that drove all this change, they only made $59,972,000,000 net. Oh how terrible (!)
5 years ago, they made $34,343,000,000 net, so they've more than doubled profits.
Take a moment to appreciate that, and really consider if they "need" the money.
Shareholders: you doubled your profit last year, so I expect you to do it again this year.
*we expect you to do better than that
There, fify
Pretty much. Capitalism is completely unsustainable.
And kill the entire planet in the process if you need to.
That's the whole company. How much did YouTube lose for them?
YouTube lost google -31.5 billion in 2023, approximately 10% of all of alphabet's revenue.
I was genuinely confused by this statistic until I realised it was a double negative. YouTube losen't Google a lot of money.
Yeah, sorry, sometimes I can't help my need to play with language, when given the slightest chance.
Revenue is not profit
Yeah, unfortunately I couldn't find revenue numbers. It seems unlikely to be costing that much to host. I'd be really surprised to learn it isn't cash positive at this point.
Best I could find is the entire division makes about 35% profit and you’d have to assume some of that was YouTube
And as we know companies prefer to provide a service with a loss, for decades. Name a company that can make -31.5 billion and keep going. Or maybe the data went to google, where they made the money.
Not made -31.5 billion. Lost -31.5 billion. As in they brought in that much, not cost it.
Do they somehow calculate in this the value off the youtube harvested user data that serves other Google branches? No, right?