--- title: "Due to Slow Growth Google’s Parent Company Alphabet has Faced Less Profit" description: "Google’s parent company Alphabet is facing down at profits for second quarter in a row, it has reported the data in Q2 2022 earnings." author: "Siddhi Shaw" published: 2022-07-27 canonical: https://www.mindstick.com/news/1801/due-to-slow-growth-google-s-parent-company-alphabet-has-faced-less-profit category: "google" tags: ["google cloud", "google", "youtube", "revenue cycle"] reading_time: 3 minutes --- # Due to Slow Growth Google’s Parent Company Alphabet has Faced Less Profit Google’s parent company **Alphabet** has been facing down at profits for the second quarter in a row, even it would bring in more money. During the second quarter of **2022**, Alphabet brought in around **$16 billion** in profit, however it was down from **$18.5 billion** throughout the same period of time last year, the company had reported the data in its **Q2 2022 earnings** as reported this afternoon. ``` HIGHLIGHTS Alphabet has been facing down at profits for the second quarter in a row The revenues were nearly $69.7 billion in 2022 than last year’s $61.9 billion Google put a pause on the hiring process for two weeks, to review their headcount ``` In the last quarter it seems like there has been a rise in the expenses, the company had actually brought in additional revenue than it did in **Q2 2021**. This quarter, the revenues were nearly **$69.7 billion** which was higher from last year’s **$61.9 billion**. However, compared to the current time in 2021, Google had spent around **$3 billion** extra on both [research and development](https://www.mindstick.com/forum/158105/what-is-the-current-state-of-research-and-development-in-nanotechnology) and sales and marketing. ![Due to Slow Growth Google’s Parent Company Alphabet has Faced Less Profit](https://www.mindstick.com/usernews/645947/4c57a304-9a90-4199-b611-0d22f827ed50/images/d70449b5-79d7-4aea-aedd-7589b066b377.jpeg)\ The way Google made money, the breakdown is similar to last year. “**Google Search & other**” ads are considered as Google’s [bread and butter](https://answers.mindstick.com/qa/42855/why-was-the-american-federation-of-labor-afl-called-the-bread-and-butter-union) which almost bring in nearly **$40.7 billion**. **$6.2 billion** in revenue has been made by **[Google’s Cloud](https://www.mindstick.com/news/1772/on-hottest-day-of-uk-london-s-google-cloud-data-centre-faced-outage)** business. **[YouTube](https://www.mindstick.com/news/1766/google-was-fined-360-million-by-russia-over-youtube-videos-that-included-prohibited-content)** [advertising](https://www.mindstick.com/news/1766/google-was-fined-360-million-by-russia-over-youtube-videos-that-included-prohibited-content) has helped the company to make around **$7.3 billion**. Well, that was just the substantial sum, Variety reports that it has represented the slowest growth for the video platform that Google had seen in over two years. During the last month, Google has warned its employees that the times in future could get tough. Google **CEO Sundar Pichai** has send a memo warning during the early days of **July**, stating that the company’s “**not immune to economic headwinds**” and mentioned that the company would “**need to be more entrepreneurial, operating with bigger urgency, sharper focus, and a lot of hunger than we had shown on sunnier days**.” Just after a week, the company had mentioned its employees that they were putting a pause button on the [hiring process](https://www.mindstick.com/articles/331212/7-ways-to-optimize-your-hiring-process) for two weeks. It has even mentioned that it would use this time to “**review our headcount**.” Well, Google ended Q2 2021 with **144,056** employees but by Q2 2022 the number of employees got hiked up to **174,014**. Also Read: [Alphabet, the parent company of Google, is eyeing a $2 trillion valuation.](https://www.mindstick.com/news/1346/alphabet-the-parent-company-of-google-is-eyeing-a-2-trillion-valuation) --- Original Source: https://www.mindstick.com/news/1801/due-to-slow-growth-google-s-parent-company-alphabet-has-faced-less-profit Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.