Google Reports Strong Q4 2023 Performance

Despite substantial layoffs, Google reported a robust $86B revenue fueled by digital advertising, cloud computing and AI investments.

💻 Search engine generated $48B with 13% YoY growth, while subscription services, incl. YouTube, reached $10.7B. Cloud revenue ⬆️ by 25.6%

• 🚪Physical office closures in high-cost areas cost $1.8B in 2023
• 🔮Gemini Ultra update to enhance search feature as Google continues to invest in generative AI
• 💼Further layoffs expected in 2024 as resources are reallocated