Google CEO Sudar Pichai stated 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 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 developed and has additional perks together with Google Pictures enhancing options akin to magic eraser, portrait gentle and portrait blur, shade pop, and sky suggestion.
Google One Plans begin from $1.99 monthly, which supplies you 100GB of storage shareable with 5 individuals and entry to its VPN service within 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 stated that it is a 5x bounce as in comparison with 2019. It additionally added that due to the robust subscription efficiency, the “Subscriptions, Platforms and Units” vertical has registered a 23% progress 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 day by 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 inner memo to the workers saying there can be extra job cuts this yr.
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 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.
