{"id":5087,"date":"2022-07-26T21:38:04","date_gmt":"2022-07-26T21:38:04","guid":{"rendered":"https:\/\/enews.sotout.com\/alphabet-q2-2022-earnings-show-profits-dropped-compared-to-last-year\/"},"modified":"2022-07-26T21:38:04","modified_gmt":"2022-07-26T21:38:04","slug":"alphabet-q2-2022-earnings-show-profits-dropped-compared-to-last-year","status":"publish","type":"post","link":"https:\/\/farratanews.online\/alphabet-q2-2022-earnings-show-profits-dropped-compared-to-last-year\/","title":{"rendered":"Alphabet Q2 2022 earnings show profits dropped compared to last year"},"content":{"rendered":"<p> [ad_1]\n<\/p>\n<div>\n<p id=\"Kpgx83\">Profits are down at Google parent company Alphabet for the second quarter in a row, even as it brings in more money. Alphabet brought in around $16 billion in profit during its second quarter of 2022, down from $18.5 billion during the same period last year, the company reported in its <a href=\"https:\/\/abc.xyz\/investor\/static\/pdf\/2022Q2_alphabet_earnings_release.pdf?cache=ed395cc\">Q2 2022 earnings report<\/a> this afternoon.<\/p>\n<p id=\"WWPk65\">As with last quarter, it seems like rising expenses have played a part; the company actually brought in more revenue than it did in Q2 2021. This quarter, its revenues were almost $69.7 billion, up from last year\u2019s $61.9 billion. However, compared to this time in 2021, Google\u2019s spending around $3 billion more on both research and development and sales and marketing. <\/p>\n<div class=\"c-float-right\">\n<aside id=\"TFxcMN\"><q>Google\u2019s working towards a \u201csharper focus\u201d<\/q><\/aside>\n<\/div>\n<p id=\"Fl4G1j\">During the past month, Google has warned employees that times could be getting tough. Early in July, Google CEO Sundar Pichai <a href=\"https:\/\/www.theverge.com\/2022\/7\/12\/23206113\/google-ceo-sundar-pichai-memo-hiring-slowdown-2022\">sent a memo<\/a> warning that the company\u2019s \u201cnot immune to economic headwinds\u201d and saying that the company would \u201cneed to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we\u2019ve shown on sunnier days.\u201d Just over a week later, the company <a href=\"https:\/\/www.theverge.com\/2022\/7\/20\/23271634\/google-hiring-pause-two-weeks-review-headcount-needs\">reportedly told employees<\/a> it was pausing hiring for two weeks, saying that it would use the time to \u201creview our headcount.\u201d<\/p>\n<p id=\"OwMStP\">The earnings help provide some context for those moves \u2014 Google ended Q2 2021 with 144,056 employees. By Q2 2022, that number had ballooned to 174,014. <\/p>\n<p id=\"CTrfPk\"><em>Developing&#8230;<\/em><\/p>\n<\/div>\n[ad_2]\n<br \/><a href=\"https:\/\/www.theverge.com\/2022\/7\/26\/23279615\/google-earnings-profit-alphabet-expenses-hiring\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Profits are down at Google parent company Alphabet for the second quarter in a row, even as it brings in more money. Alphabet brought in around $16 billion in profit during its second quarter of 2022, down from $18.5 billion during the same period last year, the company reported in its Q2 2022 earnings &hellip;<\/p>\n","protected":false},"author":1,"featured_media":5088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/5087"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=5087"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/5087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/5088"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=5087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=5087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=5087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}