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Google’s subsidiary in Russia reports decline in revenue in 2022

In November 2022, the arbitration court of appeal introduced an initial bankruptcy procedure in respect of Google LLC under the company’s application

MOSCOW, May 3. /TASS/. The revenue of Google LLC, the Russian subsidiary of the US-based technology giant, plummeted by 82% year on year in 2022 to 24.2 bln rubles ($302.85 mln), according to financial statements of the company.

Net loss of the company declined in 2022 by 61% annually to 10.2 bln rubles ($127.65 mln), as indicated in financial statements.

In November 2022, the arbitration court of appeal introduced an initial bankruptcy procedure in respect of Google LLC under the company’s application.

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