{"id":932555,"date":"2021-10-28T13:14:27","date_gmt":"2021-10-28T17:14:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=932555"},"modified":"2021-10-28T13:14:29","modified_gmt":"2021-10-28T17:14:29","slug":"its-good-to-be-the-king-google-reports-record-quarterly-revenue-of-65-billion-massive-profit-growth","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-good-to-be-the-king-google-reports-record-quarterly-revenue-of-65-billion-massive-profit-growth\/","title":{"rendered":"It&#039;s Good to Be the King: Google Reports Record Quarterly Revenue of $65 Billion, Massive Profit Growth"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fits-good-to-be-the-king-google-reports-record-quarterly-revenue-of-65-billion-massive-profit-growth%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=932555&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Tech giant Google has once again reported record revenue for the second quarter in a row in 2021. The Masters of the Universe enjoyed revenue growth of 41 percent for the quarter while profits soared 69 percent.<\/p>\n<p>The Verge <a href=\"https:\/\/www.theverge.com\/2021\/10\/26\/22747193\/google-q3-2021-earnings-record-revenue-profit\">reports<\/a> that tech giant Google has posted its Q3 earnings, revealing a new revenue record for the company of $65.1 billion and record profits for the fifth quarter in a row at $18.9 billion. Google\u2019s 2021 growth seems to be fast outpacing the year previously, jumping in revenue by almost $20 billion in 2021 compared to 2020.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<div id=\"attachment_8582510\" class=\"wp-caption alignnone\" readability=\"32\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/10\/Sabo-Google.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8582510\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/10\/Sabo-Google.jpg\" alt=\"Sabo mocks Google CEO Sundar Pichai\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Sabo mocks Google CEO Sundar Pichai (unsavoryagents.com)<\/p>\n<\/div>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"9.5\">\n<p lang=\"fr\" dir=\"ltr\">Google\u2019s revenue in Q3<\/p>\n<p>2021: $65.1 billion<br \/>2020: $46.2 billion<br \/>2019: $40.5 billion<br \/>2018: $33.7 billion<br \/>2017: $27.8 billion<br \/>2016: $22.5 billion<br \/>2015: $18.7 billion<br \/>2014: $16.5 billion<br \/>2013: $13.8 billion<br \/>2012: $13.3 billion<br \/>2011: $9.7 billion<br \/>2010: $7.3 billion<br \/>2009: $5.9 billion<\/p>\n<p>\u2014 Jon Erlichman (@JonErlichman) <a href=\"https:\/\/twitter.com\/JonErlichman\/status\/1453089818402041857?ref_src=twsrc%5Etfw\">October 26, 2021<\/a><\/p>\n<\/blockquote>\n<p>Google\u2019s revenue has increased by around 41 percent year-over-year while profits have increased by nearly 69 percent. Google\u2019s Search business posted revenue of $37.8 billion this quarter compared to $35.8 billion last quarter, but the yearly comparison is even more impressive with Search earning $11 billion more in profits this year compared to the same time in 2020.<\/p>\n<div id=\"attachment_17585586\" class=\"wp-caption alignnone\" readability=\"32\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/10\/Sundar-Pichai-CEO-of-Google.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17585586\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/10\/Sundar-Pichai-CEO-of-Google.jpg\" alt width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Sundar Pichai CEO of Google ( Carsten Koall \/Getty)<\/p>\n<\/div>\n<p>YouTube advertising revenue rose from $7 billion last quarter to $7.2 billion this quarter, a record figure for the division despite fears that Apple\u2019s iOS Ad Tracking Transparency feature would have a negative effect on targeted advertising. Alphabet CFO Ruth Porat stated that Apple\u2019s privacy feature had a \u201cmodest\u201d impact on ad revenue.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Google Cloud has yet to be profitable and actually posted operating losses of $644 million compared to the $591 million it lost last quarter. However, overall cloud revenues have grown by $1.5 billion year-over-year to $4.99 billion up from $3.44 billion in 2020.<\/p>\n<p>On the company\u2019s recent earnings call with investors, Chief Business Officer Philipp Schindler explained that while customers are beginning to return to physical stores, Google is also seeing&nbsp;\u201cstrong growth in local shopping queries.\u201d<\/p>\n<p>CFO Ruth Porat stated that the growth was due to the continued \u201cbroadbased\u201d ad spending and strong consumer interest. &nbsp;Porat started that Google expects to see less growth from its Google Play app store next quarter due to the impact of the new lower fees for subscription apps introduced last week.<\/p>\n<p>Read more at <a href=\"https:\/\/www.theverge.com\/2021\/10\/26\/22747193\/google-q3-2021-earnings-record-revenue-profit\">the Verge here.<\/a><\/p>\n<p><strong><i>Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter&nbsp;<\/i><i><a class=\"x5l\" href=\"http:\/\/twitter.com\/lucasnolan\" target=\"_blank\" rel=\"noopener external\">@LucasNolan<\/a>&nbsp;<\/i><i>or contact via secure email at the address&nbsp;<a class=\"x5l\" href=\"mailto:lucasnolan@protonmail.com\" target=\"_blank\" rel=\"noopener external\">lucasnolan@protonmail.com<\/a><\/i><i><\/i><\/strong><i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech giant Google has once again reported record revenue for the second quarter in a row in 2021. The Masters of the Universe enjoyed revenue growth of 41 percent for &#8230;<\/p>\n","protected":false},"author":28,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-932555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/932555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=932555"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/932555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=932555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=932555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=932555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}