Alphabet Raked in $350 Billion in Revenue in 2024 💸

Key Takeaways

• Google-parent Alphabet increased revenues by $23.1 billion over 2024, driven by advertising spending growth and rising search queries.
• Google Cloud, its second-biggest revenue driver, saw revenues jump by $10.1 billion. Over the past five years, the company has poured $150 billion into research and development to support its AI infrastructure.
• Following closely behind is revenue derived from channels like YouTube subscriptions, Google One, and NFL Sunday Ticket, which are included in its Google Subscriptions, Platforms, and Devices business segment, generating a total of $40.3 billion in 2024.

Alphabet Sees Revenue Increase 14% Last Year

In 2024, Alphabet brought in $350 billion in revenues, with the U.S. driving nearly half of annual sales.

Over the year, net income jumped by 36% reaching $100.1 billion, securing its position as one of the most profitable public companies in the world.

Despite recent double-digit declines in its share price in 2025, Alphabet has seen five-year cumulative returns of 206.3% as of March 20, 2025.