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 fall 2023 incomes name, Pichai added that the corporate is trying so as to add extra AI-powered options to the Google One service. The search big first launched Google One in 2018. Since then the product has advanced and has additional perks together with Google Images modifying options similar to magic eraser, portrait gentle and portrait blur, colour pop, and sky suggestion.
Google One Plans begin from $1.99 per thirty days, which provides you 100GB of storage shareable with 5 folks and entry to its VPN service in the U.S.
Pichai famous that Google’s total 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 bounce as in comparison with 2019. It additionally added that due to the sturdy subscription efficiency, the “Subscriptions, Platforms and Units” 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 users every month and seven billion day by day performs — the identical numbers as famous in Google’s Q3 2023 outcomes.
Earlier this month, Google laid off nearly 1,000 employees in divisions including hardware, engineering, and services and 100 employees from YouTube. Later, Pichai despatched an inside memo to the employees saying there will be more job cuts this 12 months.
Notably, in its earnings launch, Google talked about that it had 182,502 workers, barely greater than the 182,381 workers it reported within the Q3 earnings launch. Nevertheless, the quantity is considerably decrease than the 190,234 workers it had on the finish of 2022.
Google’s $65.5 billion advert income fell wanting analyst expectations of $65.8 billion regardless of a year-on-year improve of 11%. The corporate’s shares dipped by 4% due to this miss.
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