How does Google's R&D spending growth compare to revenue growth in 2024?

Google's R&D spending growth in 2024 was 9%, reaching $49.33 billion by the end of the year. This is a significant increase from the previous year's R&D spending of $45.88 billion, which grew by 7.7%. The revenue growth, on the other hand, was 14%, resulting in total revenues of $350.02 billion for the year.

While both R&D spending and revenue growth were positive, the revenue growth rate was higher than the R&D spending growth rate. This indicates that Google is investing more in R&D than it is generating in revenue growth, which could be a strategic decision to focus on long-term innovation and growth rather than short-term profits.

GOOGL Total Revenue YoY, R&D Expenses YoY