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This points to what an anomaly 2021 was. Alphabet was seeing around 15% YoY revenue growth prior to 2021. Then 2021 hit and the growth rate jumped to 41%. Now

This points to what an anomaly 2021 was. Alphabet was seeing around 15% YoY revenue growth prior to 2021. Then 2021 hit and the growth rate jumped to 41%. Now with the 6% YoY growth this year, it's evening out to ~22% annualized growth over the last 2 years.

antupis 4y ago
It was peak of VC-bubble or whatever we are going to call it, and now we are going to probably see similar period as post dotcom bubble.
- rippercushions 4y ago
  It was also peak COVID, so anything involving spending money online had a field day.
spaceman_2020 4y ago
2020-21 were just weird as hell and no one should be making long term decisions based on these glitches in our timeline.
enos_feedler 4y ago
What we can’t point to yet is what comes next? Continued growth or are we nearing a peak? Hopefully cloud can turn on profit mode soon
- andsoitis 4y ago
  If I'm reading the financials correctly, ads constitute just shy of $54b in earnings while Cloud just $6b. As long as consumers are buying stuff, companies will advertise to them. As long as Google has a captive audience and they can continue to mint keywords for advertisers to bid against, I think this flywheel continues.
  - hungryforcodes 4y ago
    And yet their search product results are declining rapidly in terms of quality. So much so that people in HN report having to write "reddit" at the end of their queries to get reasonably interesting results. Sure HN notices this first, but for sure the "regular people" are not far behind. Still, there are no good alternatives -- yet. You can bet if Google is the new Altavista, then the new Google is just over the Horizon waiting to steal their ad revenue...
    - Kye 4y ago
      The declining quality we notice is likely because Google is getting better at serving everyone else. It's only going to get worse for handling off-mainstream queries, and it won't matter for most people who aren't looking for an obscure forum post from 1997.

antupis 4y ago

It was peak of VC-bubble or whatever we are going to call it, and now we are going to probably see similar period as post dotcom bubble.

rippercushions 4y ago
It was also peak COVID, so anything involving spending money online had a field day.

spaceman_2020 4y ago

2020-21 were just weird as hell and no one should be making long term decisions based on these glitches in our timeline.

enos_feedler 4y ago

What we can’t point to yet is what comes next? Continued growth or are we nearing a peak? Hopefully cloud can turn on profit mode soon

andsoitis 4y ago
If I'm reading the financials correctly, ads constitute just shy of $54b in earnings while Cloud just $6b. As long as consumers are buying stuff, companies will advertise to them. As long as Google has a captive audience and they can continue to mint keywords for advertisers to bid against, I think this flywheel continues.
- hungryforcodes 4y ago
  And yet their search product results are declining rapidly in terms of quality. So much so that people in HN report having to write "reddit" at the end of their queries to get reasonably interesting results. Sure HN notices this first, but for sure the "regular people" are not far behind. Still, there are no good alternatives -- yet. You can bet if Google is the new Altavista, then the new Google is just over the Horizon waiting to steal their ad revenue...
  - Kye 4y ago
    The declining quality we notice is likely because Google is getting better at serving everyone else. It's only going to get worse for handling off-mainstream queries, and it won't matter for most people who aren't looking for an obscure forum post from 1997.