Alphabet shares jumped almost 10% after the publication of the financial report

Alphabet holding published a financial report, summing up the results of 2021. After that, its shares jumped almost 10%.

What happened?

In the fourth quarter of last year, the company's total revenue amounted to $75.3, an increase of almost a third (+32%) compared to the last quarter of 2020. Net profit increased by 35%, amounting to $20.6 billion Alphabet's advertising business brought in $61.2 billion, including $8.6 billion from advertising on YouTube. Traditionally, the company was able to earn a lot on services - $ 69.4 billion (income).

Google Pixel smartphones have contributed to the success. Sundar Pichai, head of Alphabet, noted that sales of new generation models in the last quarter of the year were a record. True, the company does not say anything about the volume and revenue from sales.

In all of 2021, Alphabet generated $257.6 billion in revenue, up 41% from 2020. The company's profit almost doubled (+88%) and amounted to $76 billion. After the publication of the report, the share price soared to $3,009.29 in post-market trading.

A source: GSM Arena