Illustration by Alex Castro / The Verge
After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion.
However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year’s $17.9 billion.
Google’s search business brought in $39 billion, up significantly over the Q1 2021 result of $31 billion. The overall advertising business, including Search, YouTube, and its various ad networks, managed to pull in $54 billion in the first quarter alone.
YouTube advertising revenue was also up, reaching $6.86 billion,…
