Quick Answer 🔍How big is Google in 2023?
Google is one of the leading technology companies worldwide, with a net worth of $1492.02 billion as of May 2023.
Google is one of the tech giants worldwide. It is a multinational technology company, most famous for its search engine, video-sharing platform, email service, and other products.
Aside from that, it also focuses on online advertising, cloud computing, artificial intelligence, e-commerce, computer software, and quantum computing.
Many people, including us, are using Google products.
In fact, about seven of Google’s products have over 1 billion users, such as Google Search, Gmail, YouTube, Chrome, Play Store, Maps, and Android.
Do you want to know how big Google is in 2023? Let’s find out in this article.
- As of May 2023, Google has a net worth of $1492.02 billion.
- Google Inc. was officially born in August 1998.
- Alphabet (Google) became the fourth US company to reach a milestone of $1 trillion market cap in January 2020.
- Google had a total of $279.8 billion in revenue in 2022. About $224.47 billion of the total revenue was made from advertising.
- In April 2023, Google’s search engine had a market share of more than 97% in India.
- Google has more than 230 companies, with over 190 thousand full-time employees.
- One of the most widely used Google products is Google Search, with over a billion users.
How Big is Google in 2023?
Google is one of the leading technology companies worldwide, generating a net worth of $1492.02 billion as of May 2023.
This multinational company has around 230 companies, with over 190 thousand full-time employees.
In Q1 2023, Google’s revenue exceeded $69.4 billion, up from $67.3 billion in Q1 2022.
The largest portion of its revenue was from ads, including Google Search Ads, Youtube Ads, network sites, and other properties.
Google is not only known and used in its home country. It is popular in many countries worldwide. As of April 2023, Google has a market share of 95.7% in India and 90.8% in Brazil.
How Google Started
The story of Google started in 1995 when Larry Page considered Stanford University for graduate school, and Sergey Brin, a Stanford student, was assigned to show him around.
They made a partnership and built a search engine in their dorm rooms. They called it Backrub.
Soon after, they renamed it Google, meaning “1 followed by a hundred zeros.” This reflected their mission of organizing information around the world and making it accessible and useful universally.
After a few years, the academic community and Silicon Valley investors became interested in this search engine. In August 1998, Google Inc. was officially born.
Andy Bechtolshei wrote them a check for $100,000. They upgraded from dorm rooms to their first office in a garage in Menlo Park, California.
Years after, Google hired engineers, built a sales team, introduced Yoshka, the first company dog, and eventually moved to Mountain View, California.
At present, Google has over a hundred products used by billions of users worldwide. Some of its best and most widely known products are YouTube, Google Search, and Gmail.
Google Market Cap
Alphabet (Google) became the fourth US company to reach a $1 trillion market cap milestone in January 2020, next to Apple, Microsoft, and Amazon.
After a few years, it hit a market cap of $1.415 trillion, making it the fourth most valuable company worldwide by market capitalization.
Let’s take a look at Alphabet’s (Google) market cap per year:
- In 2018, Alphabet’s (Google) market cap reached $723.55 billion
- In 2019, Alphabet’s (Google) market cap reached $921.13 billion
- In 2020, Alphabet’s (Google) market cap reached $1.185 trillion
- In 2021, Alphabet’s (Google) market cap reached $1.917 trillion
- In 2022, Alphabet’s (Google) market cap reached $1.396 trillion
- In 2023, Alphabet’s (Google) market cap reached $1.492 trillion
Google Annual Revenue
According to Google’s fiscal year report, Google generated a revenue of more than $279 billion in 2022.
Its revenue is largely from advertising, which amounted to over $224 billion. In Q1 2023, Google had revenue of $69.415 billion, down from $75.153 billion in the previous quarter.
Here is the annual revenue of Google from 2018 to 2022:
- Google’s annual revenue hit $136.36 billion in 2018
- Google’s annual revenue hit $160.74 billion in 2019
- Google’s annual revenue hit $181.69 billion in 2020
- Google’s annual revenue hit $256.74 billion in 2021
- Google’s annual revenue hit $279.80 billion in 2022
Breakdown of Google Revenue
In 2022, Google had a total of $279.8 billion in revenue. Around 80.3% of the total revenue was made from advertising, equivalent to $224.47 billion.
Below is the breakdown of Google 2022 revenue:
- Ads from Google Search and other properties generated $162.45 billion in revenue in 2022, equivalent to 58.1%
- Google Network Ads generated $32.78 billion in revenue in 2022, equivalent to 11.7%
- YouTube Ads generated $29.24 billion in revenue in 2022, equivalent to 10.5%
- Apps, hardware, and content generated $29.06 billion in revenue in 2022, equivalent to 10.4%
- Google Cloud generated $26.28 billion in revenue in 2022, equivalent to 9.4%
Google is the dominant search provider in most online markets, generating over 80% of desktop traffic.
In April 2023, Google’s search engine had a market share of 97.5% in India, accounting for the majority of the search engine market worldwide.
Here is Google’s desktop search market share per country in April 2023:
- Google had a 95.7% market share of desktop search traffic in India in April 2023
- Google had a 90.8% market share of desktop search traffic in Brazil in April 2023
- Google had a 90.38% market share of desktop search traffic in Spain in April 2023
- Google had an 89.29% market share of desktop search traffic in Italy in April 2023
- Google had an 88.91% market share of desktop search traffic in Australia in April 2023
Google owns approximately 232 companies with $20.89 billion total worth. Many of the companies were for Google’s technology.
The multinational company has over 70 offices in more than 50 countries.
In 2022, Alphabet (Google) had more than 190 thousand full-time employees, up from 156 thousand in the previous year.
The following are the numbers of Google full-time employees from 2018 to 2022:
- In 2018, Alphabet (Google) had 98,771 full-time employees
- In 2019, Alphabet (Google) had 118,899 full-time employees
- In 2020, Alphabet (Google) had 135,301 full-time employees
- In 2021, Alphabet (Google) had 156,500 full-time employees
- In 2022, Alphabet (Google) had 190,234 full-time employees
One of the most-used products of Google is Google Search, with more than a billion users. It processes almost 100,000 searches per second, or approximately 9 billion daily.
Another most-used Google product is YouTube, with 2.56 billion users.
Here are some of the most popular Google products:
- Google Classroom
- Google Maps
- Google Meet
- Google Play
- Google Search
- Google Translate
Google company and its products play significant roles in the online experience of people.
Whenever users want to look for information on the internet, watch videos, send emails, attend online meetings, get directions, and download apps on Android phones, Google has them all.
This shows how big Google is today.
It makes money in its products, ads, apps, and cloud. It generated almost $280 billion in annual revenue in 2022.