But almost 1% of Alphabet’s revenue in 2024 (350 billion USD) and around 2.5% of their earnings (112 billion USD). Won’t ruin them, but definitely hurts. And bear in mind that the revenue and earnings are worldwide while the fine is EU-specific. If you compared to EU earnings, the number would be even higher.
But almost 1% of Alphabet’s revenue in 2024 (350 billion USD) and around 2.5% of their earnings (112 billion USD). Won’t ruin them, but definitely hurts. And bear in mind that the revenue and earnings are worldwide while the fine is EU-specific. If you compared to EU earnings, the number would be even higher.
https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf
I just hope they really stick to the fine and won’t drop the charges…