Google's Net Income Falls for Two Consecutive Quarters
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Alphabet Inc., formerly known as Google, reported revenue of US$69.69 billion with a net income of US$16 billion in Q2 2022. Although still profitable, this represents a decline for two consecutive quarters.
In Q1 2022, net income was US$16.44 billion. Net income was even higher in Q4 2021, reaching US$20.64 billion.
Net income also decreased compared to the same period last year, falling 13.62% from US$18.53 billion in Q2 2021.
This decline in net income is not unique to Google. Other large technology companies such as Apple, Facebook, and Amazon experienced similar fates.
Amazon even recorded losses for two consecutive quarters. Amazon's net loss was US$3.84 billion in Q1 2022 and US$2.03 billion in Q2 2022.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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