Alphabet (A shares) (GOOGL) Q1 2022 Earnings Call Transcript

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Alphabet (A shares) (GOOGL -2.00%)
Q1 2022 Earnings Call
Apr 26, 2022, 5:00 p.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Welcome, everyone, and thank you for standing by for the Alphabet first quarter 2022 earnings conference call. [Operator instructions] I'd now like to hand the conference over to your speaker today, Jim Friedland, director of investor relations. Please go ahead.

Jim Friedland -- Director of Investor Relations

Thank you. Good afternoon, everyone, and welcome to Alphabet's first quarter 2022 earnings conference call. With us today are Sundar Pichai, Philipp Schindler, and Ruth Porat. Now I'll quickly cover the safe harbor.

Some of the statements that we make today regarding our business, operations, and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our most recent Form 10-K filed with the SEC. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which is distributed and available to the public through our Investor Relations website located at abc.xyz/investor.

And now, I'll turn the call over to Sundar.

Sundar Pichai -- Chief Executive Officer

Thank you, Jim, and good afternoon, everyone. Over the last few months, guided by our mission, we continue to develop helpful technologies with a view toward empowering both people and businesses. Even as more people return to in-person activities, we are seeing hybrid approaches to learning and working are here to stay, and our products are helping partners seize these new opportunities. To help support our own flexible work plans, this year, we plan to invest approximately $9.5 billion in our U.S.

offices and data centers, creating at least 12,000 new Google jobs in the U.S. in places like New York and Atlanta. To enable our long-term growth, we are investing in areas like cloud, AI, YouTube, search, and beyond. In 2020 and 2021 combined, we invested $40 billion in research and development here in the U.S.

Beyond the U.S., we have announced new office investments in London and Warsaw and a new product development center in Nairobi. We are excited for the product development they will support. We'll share more about these investments at Google I/O, our annual developer conference on May 11, and I encourage you to tune in. Turning now to product highlights.

AI continues to be at the heart of our core search and information products. We launched Multisearch in Google Search this quarter. It's a new way people can find what they need using both images and words. For example, you can snap a photo of a shirt pattern and then type the word green to find a green shirt with that pattern.

We also shared new features in search to help people find healthcare providers who take their insurance and book appointments online. With ads automation, search ads powered by AI are helping our customers quickly respond to the market conditions most relevant to their business. Philipp will discuss this in more detail. Let's move to YouTube.

We continue to support our community of creators, advertisers, and viewers. With over 2 billion monthly signed-in users, we are well-positioned to do this. YouTube, over the past two years, has seen significant growth and has become a central destination for entertainment, learning, and educational content. And even as people have returned to in-person activities, time spent on YouTube has continued to grow.

Just as YouTube evolved from desktop to mobile, and that created huge opportunities, we are excited about the new opportunities we see now. Short-form video is one. YouTube Shorts is now averaging over 30 billion daily views. That's four times as much as a year ago.

In the first quarter, we added new capabilities to video editing, and we are continuing to invest in making Shorts a fantastic experience for creators and viewers alike. As we've always done with products, we focus on building a great user experience first, and we will work to build monetization over time. The living room is another area of opportunity. On average, viewers are watching over 700 million hours of YouTube content on televisions every day.

And in the year ahead, we will give YouTube's connected TV viewers new smartphone control navigation and interactivity features, allowing people to comment and share content they are watching on television directly from their devices. Turning next to our computing platforms. A few weeks ago, we marked a big milestone, our 100th release of Chrome and Chrome OS. Over the years, we have worked with developer and OEM partners to improve speed, simplicity, and security, and move the Web forward.

It's a great example of what we mean when we say we are building for the long term. And on Android, we'll showcase at I/O the many helpful features and services that Android and its platforms provide. Over the coming years, we will continue to invest in new form factors, seamless multi-device experiences, and raising the bar for user privacy while giving developers the tools they need to succeed on mobile. As you know, we have made changes to our Google Play pricing model to help all developers on our platform succeed.

Today, 99% of developers qualify for a service fee of 15% or less. While this impacted our short-term results, we think it's the right long-term approach to support the ecosystem and to be the most developer-friendly app store and gaming platform available. We are also exploring alternative billing options. And as we do this, we'll continue to uphold high safety standards that protect personal data and sensitive financial information.

Earlier today, we launched the Data Safety section in Play, where people can access more information about how apps collect, share, and secure their data. In hardware, Pixel 6 is a huge step forward for the Pixel portfolio, and it's been great to see the response from Pixel users. It's the fastest-selling Pixel ever, and we are building broad consumer awareness of the brand and making good progress. I'm excited about the products we have coming and look forward to sharing more at Google I/O.

Next, on to cloud, where Q1 revenue grew 44% year over year with continued strong performance across Google Cloud Platform and Workspace. We continue to deliver differentiated products across four distinct areas; first, cybersecurity, where we introduced new offerings, including assured workloads to address digital sovereignty in the European Union; virtual machine threat detection, a first-to-market, agentless malware detection capability; an advanced intrusion detection system for network threat detection. Organizations like T-Mobile and DoorDash are protecting their critical systems and data with Google Cloud's trusted cybersecurity products. These include Security Command Center, which helps many companies, including UKG, Ultimate Kronos Group; and Ocado Group, monitor and manage their security posture and risk.

Our leading threat detection and response platform, Chronicle, is now paired with Simplified to more quickly automate incident detection and resolution. We also announced our intent to acquire Mandiant, a leader in dynamic cyber defense and response, to help protect customers from the most advanced threats. Second, we continue to evolve a leading data cloud with serverless Spark to run batch Spark workloads; BigLake, a new storage engine that unifies data warehouses and lakes; and Dataplex, which provides unified management and governance of data across data warehouses and lakes. Our unified data cloud and AI platform is helping organizations like KeyBanc, LG Electronics, and Macy's work intelligently with data across multiple clouds.

BigQuery, our leading solution for analytics, is helping customers like Kraft Heinz, Mercado Libre, and we're to help create more personal consumer experiences. BT Group, UPS and other leading brands continue to tap our deep expertise in artificial intelligence and machine learning to power their organizations. This includes our Contact Center AI platform, which helped The Home Depot improve their call containment by 185%, creating a more positive customer support experience. We are proud to share that more than 700 technology partners power their applications with our data cloud.

Third, our open secure infrastructure remains a differentiator as it enables customers to run their workloads and apps where they need them. This is winning global brands like Dun & Bradstreet, Boeing, and Kyocera. Our product leadership continued with the release of Tau VMs, which powers price performance that's more than 40% better than any other leading cloud; and Google Distributed Cloud Edge, a new edge solution designed to run telecommunication networks at scale, which is helping Bell Canada evolve its 5G network. And we further expanded our regional footprint globally.

Leading companies like Mahindra are choosing us for large-scale IT transformations and migrating their data centers to Google Cloud, while Sony's Crunchyroll uses our infrastructure and networking capabilities to power the largest anime streaming service in the world. Our scalability enables Ninja Van, the leading logistics provider in Southeast Asia, to handle more than 10x their normal traffic during peak times. Finally, we continue to advance Google Workspace. To support hybrid work, we recently introduced new collaboration features, including bringing Google Meet directly into Google Docs, Sheets, and Slides.

You can now see and hear your team as you collaborate in real time without the need to schedule meetings. Google Meet can now live stream to up to 100,000 people who can also participate in Q&A and polls. We also launched the next wave of innovation in Google Docs with smart canvas, including auto-generated summaries and pageless format in Docs, smart chips, and automating workflow using Gmail. Smart canvas has seen very rapid uptake with more than 6 million checklists and 6 million smart chips being added to documents each week.

These innovations are helping employees adapt to hybrid work at large enterprises like Equifax and Ocean Network Express, digital natives including Flipkart and organizations like the University of Alberta. Finally, our other bets. This month, Waymo became the first company to run fully autonomous ride-hailing operations in multiple locations simultaneously. Today, employees can take rider-only trips in San Francisco, joining the growing number of public Waymo One riders in Phoenix.

Wing launched its on-demand drone deliveries in the Dallas-Fort Worth area. In the first quarter of 2022, Wing completed over 50,000 commercial deliveries. That's up more than three times year over year. As you know, sustainability continues to be a big focus for us.

In addition to our own ambitious goals to operate on 24/7 carbon-free energy by 2030, we recently joined Frontier, a new coalition with Stripe and many others, jointly committing more than $900 million to accelerate carbon removal solutions. Before I close, we remain deeply concerned about the war in Ukraine and the humanitarian crisis unfolding in the region. While I was in Warsaw, Poland last month, I met with many leaders across Central and Eastern Europe to reaffirm our commitment to the region. We are finding ways for our products and platforms to be helpful, including enhanced features on Search to help refugees find resources.

Across all these efforts, I feel inspired by the ways that our teams at Google work to help people in moments big and small. With that, let me thank Googlers everywhere for their contributions this quarter. Over to you, Philipp. 

Questions & Answers:

Operator

Thank you. [Operator instructions] And our first question comes from Brian Nowak from Morgan Stanley. Your line is now open.

Brian Nowak -- Morgan Stanley -- Analyst

Thanks for taking my question. I have two. The first one, Ruth, wondering, could you talk to us at all about sort of the shape of the ad business growth throughout the first quarter, understanding there's some uncertainty around Ukraine, etc.? And then what have you seen sort of quarter to date in the overall Search business from a growth perspective? And then the second one for Philipp. Appreciate all the color on Performance Max.

Can you just talk to us a little bit about -- strategically about how long we should think about it takes to drive broader adoption of these type of tools with your sales forces at months, quarters, years? Where are you in SMB adoption? How long do you think it takes to get broader and maybe full adoption of a product like that? Thanks. 

Ruth Porat -- Chief Financial Officer

Thanks, Brian. So in terms of the ad business, I would say, as I did in the opening comments, we were very pleased with the year-on-year Search revenue growth in the first quarter, up 24%. And it really reflected the strength that we've seen in retail, as Philipp and I commented on. I would say -- as you're asking how are we looking forward, I would say the revenue growth rates that we delivered in 2021 in Search and across our advertising businesses more generally, as I said in the opening comments, did benefit from lapping the COVID-related weakness in 2020.

So I think one key point is that we're not going to have that tailwind for the rest of this year. And as I noted, one of the key areas to focus is Q2 of 2020. That was where we had the largest impact from COVID. So that means in the second quarter of 2022, we're going to face a tough comp, as I said.

I would say, in addition, the second quarter results are going to continue to reflect that we suspended the vast majority of our commercial activities in Russia. And then I noted the impact of foreign exchange. So as we're looking at it generally, we feel good about what we're doing in the business, a couple of key points that I called out there.

Philipp Schindler -- Senior Vice President and Chief Business Officer

And to your question on Performance Max, which we covered last quarter as well, maybe just a quick recap. It really brings together the best of Google's automation to help advertisers maximize their reach and efficiency across our channels. Using the same input, we can now serve campaigns on multiple inventory formats, expanding an advertiser's reach with the same effort. And by the way, just today, we announced new features for Performance Max, including new customer acquisition goals, new campaign level insights.

More details about the one-click upgrade tool for Smart Shopping and Local campaigns. So we're very, very committed to helping Performance Max deliver for our advertisers and have been very open to advertiser feedback how we can do this. And specifically on your time axis, I don't think there is a material difference to the time axis that we've looked at in previous rollouts. As always, focused on generating the maximum value and performance for our advertising partners.

Brian Nowak -- Morgan Stanley -- Analyst

Great. Thank you, both. 

Operator

Thank you. And our next question comes from Eric Sheridan from Goldman Sachs. Your line is now open.

Eric Sheridan -- Goldman Sachs -- Analyst

Thanks so much for taking the question. Maybe one follow-up to Brian's question. Other industry players have called out pockets of weakness in brand advertising globally in the quarter that you just reported. Did you see any of that from a volatility standpoint, especially around maybe the war in Ukraine for a period of time in March? And then sticking with all the commentary you gave on YouTube, how should we be thinking about the strategic goals of driving longer engagement and user growth and monetization for you to begin some of the initiatives you called out versus how to think about the performance of the business as we go through '22, short-form video versus long-form video or maybe mix of direct response versus brand advertising? Thanks so much.

Ruth Porat -- Chief Financial Officer

Great. So I'll start on the first question and revenue impact. I think you are asking from the war and anything else that was relevant there. I would say the most important, as both Sundar and Philipp said, is what a tragic humanitarian crisis this is.

And across Google, we're doing a lot to provide support. In terms of revenues, the most direct impact is the fact that we suspended the vast majority of our commercial activities in Russia, as we announced in early March. And to your question, about 1% of Google revenues were from Russia in 2021, and that was primarily from advertising. In addition, from the outset of the war, there was a pullback in advertiser spend, particularly on YouTube in Europe.

So a couple of impacts from the war. And I guess over to Philipp with respect to YouTube and trends there. 

Philipp Schindler -- Senior Vice President and Chief Business Officer

So maybe to dig a little deeper into the part of your questions around Shorts. Shorts went global, rolled out to over 100 countries, and as Sundar mentioned, now has 30 billion daily views, which is four times higher than a year ago. And if we take the creator view, we're taking a fresh look at what it means to monetize Shorts and reward creators for their short-term videos. The first step, I think, is our $100 million YouTube Shorts Fund, which is now available in over 100 countries globally.

And over 40% of creators who will receive payment from the Shorts Funds in 2021 weren't in the YouTube Partner Program, just as an interesting number. And then on the advertiser view side, as I mentioned earlier, we're testing ads on Shorts with products like app install and Video action campaigns and are encouraged by the early results. And so all in all, I think we're deeply committed to supporting the next generation of mobile creators here on YouTube and are very actively working on what monetization could look like in the future. 

Operator

Thank you. And our next question comes from Doug Anmuth from J.P. Morgan. Your line is now open.

Doug Anmuth -- J.P. Morgan -- Analyst

Thanks for taking the question. I have two. First, just on advertising. Just thinking about industry conversations, it seems pretty clear that you were able to capture some dollars that shifted to search from social related to Apple's iOS privacy changes.

Just curious if that dynamic continued in 1Q. And then if you can comment at all on just how you think about sustainability of those dollars going forward. And then, Ruth, in terms of spending and on the margin side, operating margins continue to be strong at 30% even with the greater headcount of the past couple of quarters. Just hoping you could elaborate a little bit on what you mean by considered investments and in what areas are you able to offset and gain more efficiencies in the business.

Thanks.

Ruth Porat -- Chief Financial Officer

Thanks for the questions. So with respect to Search and ATT, there's really nothing to highlight. We haven't seen a noticeable shift in spend. And then in terms of overall margins and how we're thinking about investing, what I tried to make clear is we do continue to plan to invest aggressively this year.

I made that point in opening comments with respect to both ongoing hiring at a rapid clip, as well as ongoing investment in technical infrastructure. And I would say in terms of margins, we do remain focused on investing for long-term value creation. And as we noted, last year, in 2021, our margins did benefit from substantial revenue growth, while at the same time, expense growth ramped more gradually during the year. And in certain respects, as we talked about last year, margins benefited from what I described as a bit of a timing difference between revenue growth and expense growth.

And there were two other benefits worth calling out that we talked about last year that affected operating margin. The first was the impact from the change in useful lives that we called out last year, and that benefited the year-on-year growth in expenses last year. And the second was the impact of foreign exchange, which was a tailwind last year, but as I noted, has really flipped to a headwind given the strength of the U.S. dollar.

And as a reminder, the impact of foreign exchange is greater on operating income than it is on revenue given our expense base is weighted toward the U.S. with most of our R&D efforts located here in the U.S. So the main thing is, the key point, we are very focused on long-term value creation. And in our view, given the opportunities we see, there are some key investments that we're continuing to make.

Doug Anmuth -- J.P. Morgan -- Analyst

Thank you. Very helpful.

Operator

Thank you. And our next question comes from Justin Post from Bank of America Merrill Lynch. Your line is now open.

Justin Post -- Bank of America Merrill Lynch -- Analyst

Great. Thank you. A couple of things. First on YouTube, quite a ramp in Shorts activity.

Has that been a little bit of a headwind for growth as you ramp that up, and we can try to guess on monetization later? And then secondly, when you think about regulation in Europe, there's a lot of headlines about the Digital Market Act and other things. How do you think about the regulatory environment and the evolution over the next couple of years? Thank you. 

Ruth Porat -- Chief Financial Officer

Thanks for the questions. So in terms of YouTube, I think there are a couple of questions in your question. In terms of the deceleration in the year-on-year revenue growth rate relative to the first quarter, the largest factor was lapping an exceptionally strong quarter in direct response, as we noted last year. In addition to that direct response lapping, there were a couple of other items worth noting.

First, as I've already mentioned, the war that did have an outsized impact on YouTube ads relative to the rest of Google. And that was both from suspending the vast majority of our commercial activities in Russia, as well as, as I noted earlier, the related reduction in spend primarily by brand advertisers in Europe. Then in addition, as we mentioned on the third quarter earnings call, we continue to experience a headwind from ATT primarily in direct response. And the dollar impact from ATT has been consistent since it was implemented in April of last year.

And then there's the FX headwind I've already commented on. I would say to the other part of your question, we're experiencing a slight headwind to revenue growth as Shorts viewership grows as a percentage of total YouTube time. We are testing monetization on Shorts, and early advertiser feedback and results are encouraging. And the team is focused on closing the gap with traditional YouTube ads over time.

So we're excited about the new opportunities with Shorts, but a slight headwind.

Sundar Pichai -- Chief Executive Officer

On the second part of the question about DMA and -- regulation. Look, we support a number of DMA's goals, including expanded consumer choice, interoperability. Obviously, the implementation deals will be important, and we are still -- it's too early to tell, but we'll be working as we have done over the past many years. We'll be engaging constructively, including regulatory dialogue, to understand and make progress.

Justin Post -- Bank of America Merrill Lynch -- Analyst

Great. Thank you. 

Operator

Thank you. And our next question comes from Mark Mahaney from Evercore ISI. Your line is now open.

Mark Mahaney -- Evercore ISI -- Analyst

OK. I'll stick, please, with YouTube questions. That kind of brand softness in Western Europe, Ruth, does that look like that has already abated? Or does that look like that's continuing? And if you step back and just look at overall YouTube usage -- and I know you mentioned some numbers in the prepared comments. Just given the much broader array now, I think, of content options, including in short-form video and long-form video, are you seeing the overall growth -- any impact on the overall growth in YouTube users or in engagement per YouTube user? Thank you.

Ruth Porat -- Chief Financial Officer

So in terms of the first question, impact from the war, I think it's too early to comment. Tragically, it is still ongoing. So too early to comment there. And then overall, in terms of YouTube and engagement, I noted on both YouTube's advertising business, as well as the subscription businesses, the performance there, I'd say, over the past few years, we've seen significant investment in online video.

There's been a ton of innovation. We think innovation is positive. Broadly, we continue to benefit from the fact that there are 2 billion logged-in viewers who visit YouTube every single month. And people are creating comment -- content on YouTube at a very active rate.

We're really pleased with what we see there, and our team does remain focused on innovating and helping creators grow. As Sundar said, Shorts now has 30 billion daily views. That's four times higher than a year ago. And I think that really goes to your question about the level of activity that we're seeing.

Mark Mahaney -- Evercore ISI -- Analyst

OK. Thank you. 

Operator

Thank you. And our next question comes from Michael Nathanson from MoffettNathanson. Your line is now open.

Michael Nathanson -- MoffettNathanson -- Analyst

Thanks. I have one on YouTube, of course, and then one for Ruth. On YouTube, I think what we're hearing is that there's emerging concern that TikTok is a competitor to YouTube's mobile position. And I know you called out the strength of Shorts, but can you talk big picture if you're seeing any meaningful shift in consumer demand to the mobile YouTube product? And any type of advertising maybe shift on mobile because of TikTok? And then to Ruth, it's an odd quarter because if you look at APAC, the APAC region underperformed EMEA, which had Russia and Ukraine in there.

Is there anything you want to call out about Asia Pacific this quarter, why it could have been softer? Or any other product that may have led to a bit of a slower quarter for APAC? Thanks.

Philipp Schindler -- Senior Vice President and Chief Business Officer

Look, maybe I'll start on the first part of your question. It's very similar to what Ruth said before. I mean we've seen significant investment in online video, and there's been a ton of innovation. But there are 2 billion plus logged-in viewers who visit YouTube every single month, and more people are creating content on YouTube than we've ever seen before.

And the team remains very focused on trying to help creators grow, trying to innovate. And just to give you a number, 2021, the number of YouTube channels that had made at least $10,000 in revenue was up more than 40% year over year. And we're heavily investing in Shorts, in the connected TV and shopping. You heard the stats from Sundar on the 30 billion daily views.

So we continue to invest and new monetization options for creators beyond ads are a big part of what we're doing. And as I said before, testing ads on Shorts are encouraged by initial results.

Ruth Porat -- Chief Financial Officer

Yeah. In terms of geographic color, just to even broaden out your question a bit more and go through the various regions, so in the U.S., we were pleased with the 27% year-on-year growth. And I think nothing to call out there. In Europe, as you noted in your question, the slightly bigger impact from the war in Ukraine than in other regions, and then the sizable delta between fixed and floating really reflects the meaningful strengthening of the dollar versus the euro.

I guess to the heart of your question with respect to APAC, the main thing there is to take you back to a year ago, we were lapping a substantial 39% growth rate in constant currency. And so this really reflects lapping that sizable growth relative to more muted ads performance in APAC this first quarter, and it really takes you just back to last quarter. In other -- Americas, it was much more about the FX headwind more than anything else.

Michael Nathanson -- MoffettNathanson -- Analyst

Thanks, Ruth.

Operator

Thank you. And our next question comes from Brent Thill from Jefferies. Your line is now open.

Brent Thill -- Jefferies -- Analyst

Hey, good afternoon. For Sundar, just on Google Cloud, if you could just walk through the next leg of growth, where you're most excited for the rest of '22. Thank you.

Sundar Pichai -- Chief Executive Officer

Thanks. Look, overall across the board, I'm excited because you saw in my earlier remarks there's a lot of product innovation across the key areas, be it data and analytics, cybersecurity, our open multicloud, as well as Google Workspace. So when I look at the innovation in the product pipeline and the overall demand we are seeing and how early our journey is, there's definitely a lot to look forward to. Cybersecurity has been a particular focus.

We obviously are excited about our acquisition of Mandiant, which I think will help us serve customers deeper as well. But overall, the execution has been great. We are scaling up, particularly in our go-to-market as well. And I think that will play out well.

And over time, as we focus on converting bookings to consumption as well, I think it will play out well, taking a long-run view and methodically scaling up and executing better. So that's what I'm excited about.

Brent Thill -- Jefferies -- Analyst

Thank you. 

Operator

Thank you. And our next question comes from Stephen Ju from Credit Suisse. Your line is now open.

Stephen Ju -- Credit Suisse -- Analyst

OK. Thank you. So Sundar, I think your Search team recently released a block posting, talking about the desire to help your users with their management of money. And I think we talked about some of this last time with the rollout of Tez in India and the evolution to Google Pay, but can you talk about your ambitions to add more utility to the service so that it becomes more, hopefully, indispensable service for your user base and particularly as you hope that this theoretically becomes your next billion-user product? Thanks.

Sundar Pichai -- Chief Executive Officer

Thanks, Stephen. Obviously, we've been focused on making sure payments works well. One, maybe you can step back and think about it as that our payment strategy is very similar to the strategy we have for commerce overall. We want to make all of this work easier, both on the merchant and the financial institution side, and making sure they can connect with the customers well.

And you mentioned the work in India that was certainly what really got everything started. We are now -- 150 million people across 40 countries are using Google Pay. And your questions about making -- first of all, we're making sure it works across the board, works well, easy to use for all the sites. And then over time, we will innovate and build new digital experiences.

Simple examples you saw was we rolled out the ability for users to pay for parking on Google Pay with their voice just using Google Assistant. So really building for scale, building for simplicity. And then over time, we will layer on additional helpful features. But we are definitely focused on the first part now, making sure it works well for as many users across the world.

Stephen Ju -- Credit Suisse -- Analyst

Thank you. 

Operator

Thank you. And our last question comes from the line of Dan Salmon from BMO. Your line is now open.

Dan Salmon -- BMO Capital Markets -- Analyst

Good afternoon, everyone. I have two questions. First, I'd like to ask about Google Analytics, where there's been a transition ongoing for a year or so now to a new version of the product, and where you'll begin sunsetting the older version next year. That's always a really important tool for advertisers and publishers to measure the impact of your advertising.

So could you tell us a little bit more about those changes, how they may or may not be related to the deprecation of cookies in Chrome and how you plan to ensure its smooth transition? And then second, one last one on YouTube. You mentioned the strong performance in subscriptions, Ruth. Any products that you would highlight that are driving that strength in particular? Thanks.

Philipp Schindler -- Senior Vice President and Chief Business Officer

So I can take the one on the Google Analytics side. This is something we've been working on for a very long time. There is no specific relation to what you've mentioned. This is one of the normal upgrades to our products that we're doing on a quite regular basis.

We're very excited about it. Advertisers are excited about it. Our partners are happy about it. So this is -- yes, this is a nice one.

We like it.

Ruth Porat -- Chief Financial Officer

And then in terms of the YouTube subscription businesses. As I said, they continue to deliver substantial revenue growth, and that was driven by subscriber growth for both YouTube TV, as well as YouTube Music and Premium. So pleased with what we're seeing there.

Dan Salmon -- BMO Capital Markets -- Analyst

OK. Thank you. 

Operator

Thank you. And that concludes our question-and-answer session. I'd like to turn the conference back over to Jim Friedland for any closing remarks.

Jim Friedland -- Director of Investor Relations

Thanks, everyone, for joining us today. We look forward to speaking with you again on our second quarter 2022 call. Thank you, and have a good evening.

Operator

[Operator signoff]

Duration: 51 minutes

Call participants:

Jim Friedland -- Director of Investor Relations

Sundar Pichai -- Chief Executive Officer

Brian Nowak -- Morgan Stanley -- Analyst

Ruth Porat -- Chief Financial Officer

Philipp Schindler -- Senior Vice President and Chief Business Officer

Eric Sheridan -- Goldman Sachs -- Analyst

Doug Anmuth -- J.P. Morgan -- Analyst

Justin Post -- Bank of America Merrill Lynch -- Analyst

Mark Mahaney -- Evercore ISI -- Analyst

Michael Nathanson -- MoffettNathanson -- Analyst

Brent Thill -- Jefferies -- Analyst

Stephen Ju -- Credit Suisse -- Analyst

Dan Salmon -- BMO Capital Markets -- Analyst

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