Google’s parent company hit important milestones this year as it turned its attention to advances in artificial intelligence. Like other tech companies, it saw growth slow in 2022 and 2023. In January, Alphabet announced it would costs by laying off 12,000 employees—the largest layoff in company history.
- YouTube veteran Neal Mohan succeeded Susan Wojcicki as CEO of the video platform after she stepped down in February 2023. Mohan has pushed improvements to YouTube Shorts to address the platform’s falling ad revenue, which in the first quarter of 2023 registered its third straight quarterly drop.
- In early 2023, Google set its eyes on rivaling ChatGPT with its own chatbot, known as Google Bard. But Bard’s first live demo produced a botched answer. Alphabet’s market value fell $100 billion that day, though the company’s shares subsequently recovered.
- Google announced a slate of A.I. products in May 2023, including A.I.-powered answers on search, designed to fend off a growing challenge from Microsoft’s Bing.
Meng Dingbo—Xinhua/Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Mountain View, Calif.
Industry
Internet Services and Retailing
CEO
Sundar Pichai
Website
Company Type
Public
Ticker
GOOGL
Revenues ($M)
$282,836
Profits ($M)
$59,972
Market Value ($M)
$1,330,201
Employees
190,234
Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$282,836
9.8%
Profits ($M)
$59,972
-21.1%
Assets ($M)
$365,264
-
Total Stockholder Equity ($M)
$256,144
-
Profit Ratios
Profit as % of Revenues
21.2%
Profits as % of Assets
16.4%
Profits as % of Stockholder Equity
23.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
4.56
EPS % Change (from 2021)
-18.7%
EPS % Change (5 year annual rate)
38.3%
EPS % Change (10 year annual rate)
19%
Total Return
Total Return to Investors (2022)
-39.1%
Total Return to Investors (5 year, annualized)
10.9%
Total Return to Investors (10 year, annualized)
17.4%
Alphabet Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2022 | $257,63741.2% | $76,03388.8% | $359,268 | $251,635 |
| 2021 | $182,52712.8% | $40,26917.3% | $319,616 | $222,544 |
| 2020 | $161,85718.3% | $34,34311.7% | $275,909 | $201,442 |
| 2019 | $136,81923.4% | $30,736142.7% | $232,792 | $177,628 |
| 2018 | $110,85522.8% | $12,662-35% | $197,295 | $152,502 |
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