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Google CEO Sundar Pichai says One cloud storage nears 100 million subscribers

Jan 31, 2024 - businesstoday.in
Google CEO Sundar Pichai announced that Google One, the company's cloud storage service, is nearing 100 million subscribers. The announcement was made during Alphabet’s Q4 2023 earnings call. Google One, which offers perks such as Google Photos editing features, has plans starting from Rs 130 per month for 100GB of storage. The company's overall subscription business, including YouTube Premium and Music, YouTube TV, and Google One, has seen significant growth, with revenue crossing $15 billion, a fivefold increase since 2019.

However, despite an 11% year-on-year increase, Google’s ad revenue of $65.5 billion fell short of analyst expectations of $65.8 billion, causing the company’s stocks to dip by 4%. Pichai also revealed plans to add more AI-powered features to the Google One service, in line with Google's focus on AI.

Key takeaways:

  • Google One, the company's cloud storage service, is nearing 100 million subscribers, as announced by Google CEO Sundar Pichai.
  • Google's overall subscription business, including YouTube Premium and Music, YouTube TV, and Google One, has seen significant growth, with revenue crossing $15 billion, a fivefold increase from 2019.
  • Despite an 11% year-on-year increase, Google's ad revenue of $65.5 billion fell short of analyst expectations of $65.8 billion, causing the company's stocks to dip by 4%.
  • Google is planning to add more AI-powered features to the Google One service, aligning with the company's focus on AI.
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