This article going to comprise profit of the 10 Big Companies in 2022's second quarter financial reports. This 10 Big Companies are that we are talking about is Google, Youtube, Facebook, Instagram, Whatsapp, Snapchat, Tiktok, Apple, Microsoft, IBM. We are going to ignore the fact some of this companies already part of the other ones we just going to look as them as individual but some of the report doesnt include individual profit like Meta so we are look into them as one.
Google - Alphabet
Sundar Pichai, CEO of Alphabet and Google, said: “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes. As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term.” Google Revenue increased to $69.69 billion
Youtube
YouTube’s advertising revenues increased by 4.8% to $7.34 billion. Still a growing business, then – and remember that figure does not include premium subscriptions.
Meta
Meta’s s Family of Apps including Instagram, Messenger, and WhatsApp reported an operating income of $28.94 billion in revenue and earnings of $2.61 per share, according to Refinitiv.
Snapchat
Snapchat revenue is increased 13% to $1,111 million, compared to the prior year. Net loss was $422 million, compared to $152 million in the prior year. Adjusted EBITDA was $7 million, compared to $117 million in the prior year.
TikTok
TikTok in the quarters before Q2, 2022. According to Bloomberg, TikTok's annual revenues were $4.6 billion in 2021, and they're expected to reach $12 billion by the end of 2022. The Chinese-owned social video app also has a rapidly growing user count, as noted by Insider Intelligence.
In the second quarter of 2022, the video-sharing app TikTok generated more than 41 million U.S. dollars in app revenues
TikTok made $1643 million in the second quarter of 2022
Apple
Apple no longer reports unit sales for any of its products but instead reports a breakdown of revenue by product category. Here is the full breakdown for the fiscal Q2 2022:
iPhone: $50.57 billion (Up 5.5% YOY)
Mac: $10.43 billion (Up 14.3% YOY)
iPad: $7.65 billion (Down 2.2% YOY)
Wearables: $8.82 billion (Up 12.2% YOY)
Services: $19.82 billion (Up 17.2% YOY)
Apple has also declared a cash dividend of $0.23 per share of its common stock, an increase of 5%. The board of directors has also authorized an increase of $90 billion to the existing share repurchase program. Apple total revenue is $97.3 billion dollar.
Microsoft
Microsoft Company earnings is in FY22 Q2 · Revenue was $51.7 billion and increased 20%
IBM
Here are IBM's Q2 2022 earnings by the numbers: Q2 2022 revenue $15.5 billion, up 9.3 percent from $14.2 billion one year ago.