Google I/O 2021 will likely feature “significant product updates and announcements,” according to Alphabet CEO Sundar Pichai.
Pichai shared the tease in a set of prepared remarks given to investors following Alphabets Q1 earnings released April 27th. The CEO also noted that Google’s product releases were “returning to a regular cadence.”
The tease comes on the heels of an odd year for Google. The company cancelled its 2020 I/O conference due to the pandemic, which also saw delays for some of its product launches, like the Pixel 4a. However, the company seems to be getting back on track now that employees have adjusted to remote work.
Alphabet reveals Q4 2020 earnings for Google, YouTube and more
Alphabet earned $56.9 billion in Q4 2020
Google’s parent company, Alphabet, posted its fourth-quarter 2020 earnings, pulling in $56.9 billion USD in revenue (roughly $72.9 billion CAD).
The Q4 2020 earnings period includes October, November and December, as well as the company’s holiday period. The revenue marks a 23 percent increase year-over-year.
Alphabet posted an operating income of $15.65 billion USD (about $20.1 billion CAD) along with a net income of $15.2 billion USD (approximately $19.5 billion CAD).
Breaking that down further, YouTube ad revenue was $6.89 billion USD ($8.83 billion CAD), with Cloud reporting $3.83 billion USD ($4.9 billion CAD).
Alphabet broke out the operating income from its cloud business for the first time, noting a loss of $5.61 billion USD over the full year, with $1.24 billion USD during Q4.