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Saturday, March 2, 2024

​​Google One cloud storage service to cross 100 million customers quickly: CEO Sundar Pichai

Google has introduced its fourth quarter (This fall) 2023 earnings name and throughout the session, firm CEO Sundar Pichai shared some particulars about its cloud storage service, Google One. Pichai stated that the Google One cloud storage service is “nearly to cross” 100 million subscribers. Google One was launched in 2018.
Pichai additionally famous that Google’s general subscription enterprise (which incorporates YouTube Premium and Music, YouTube TV, and Google One) is on an upward trajectory and has crossed $15 billion in annual revenues.
As per the corporate, its subscription enterprise has grown by 5 occasions development in comparison with 2019. Pichai famous that with the sturdy subscription efficiency, the corporate’s ‘Subscriptions, Platforms and Units’ vertical registered a 23% development year-on-year.

Google’s subscription efficiency in Q3 2024

In 2022, Pichai stated that YouTube has 80 million paid subscribers. Since then, the corporate hasn’t supplied the up to date variety of paid customers that entry its video streaming platform.

Nonetheless, the corporate revealed some particulars about YouTube Shorts and shared related numbers that had been famous in Google’s Q3 2023 outcomes. The corporate claimed that 2 billion signed-in customers watch YouTube Shorts each month whereas the movies on the platform obtain 7 billion every day performs.

Newest job cuts in Google

Google additionally laid off almost 1,000 workers in a number of divisions earlier this month. The affected departments embrace {hardware}, engineering and providers whereas 100 workers had been laid off from YouTube. In a while, Pichai additionally shared an inner memo that famous extra layoffs are anticipated all through this 12 months.
The corporate additionally talked about that it at the moment has 182,502 workers which is greater than the 182,381 workers it reported within the Q3 earnings launch. Nonetheless, the quantity is far decrease than the 190,234 workers the corporate reported on the finish of 2022.

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