Google India: FY23 Ad revenue soars

According to Registrar of Companies (RoC) figures cited in media reports, Google India has disclosed a robust gross ad revenue of Rs 28,040 crore in FY23, marking a YoY increase of 12.49%. Meanwhile, the tech giant's operating revenue for FY23 experienced a marginal 0.1% dip compared to FY22, settling at Rs 9,275 crore.

In a notable development during the 9th edition of Google for India 2023 in October, the company unveiled plans for the Pixel8 launch in 2024. This announcement was part of a broader initiative that included forging new partnerships with the government. The strategic move was underlined by the fact that 350 million Indians were actively using Google Pay at the time.