Google CEO Sudar Pichai mentioned that the corporate’s Google One cloud storage service is ” nearly to cross” 100 million subscribers.
Talking throughout Alphabet’s This autumn 2023 incomes name, Pichai added that the corporate is wanting so as to add extra AI-powered options to the Google One service. The search large first launched Google One in 2018. Since then the product has developed and has further perks together with Google Photographs enhancing options akin to magic eraser, portrait mild and portrait blur, coloration pop, and sky suggestion.
Google One Plans begin from $1.99 per thirty days, which provides you 100GB of storage shareable with 5 individuals and entry to its VPN service within the U.S.
Pichai famous that Google’s general subscription enterprise — together with YouTube Premium and Music, YouTube TV, and Google One — is on an upward trajectory and has crossed $15 billion in annual revenues. The corporate mentioned that it is a 5x soar as in comparison with 2019. It additionally added that due to the sturdy subscription efficiency, the “Subscriptions, Platforms and Gadgets” vertical has registered a 23% development year-on-year.
Google final talked about that YouTube’s paid plans had 80 million in November 2022. However there hasn’t been one other replace since then. The corporate talked about that YouTube Shorts are watched by 2 billion signed-in customers each month and seven billion each day performs — the identical numbers as famous in Google’s Q3 2023 outcomes.
Earlier this month, Google laid off practically 1,000 staff in divisions together with {hardware}, engineering, and companies and 100 staff from YouTube. Later, Pichai despatched an inside memo to the employees saying there will probably be extra job cuts this 12 months.
Notably, in its earnings launch, Google talked about that it had 182,502 staff, barely greater than the 182,381 staff it reported within the Q3 earnings launch. Nevertheless, the quantity is considerably decrease than the 190,234 staff it had on the finish of 2022.
Google’s $65.5 billion advert income fell in need of analyst expectations of $65.8 billion regardless of a year-on-year enhance of 11%. The corporate’s shares dipped by 4% due to this miss.
