It earned 4.4 million for the rental of the Picasso Tower in Madrid, owned by Amancio Ortega, where it has its general headquarters in Spain MADRID, Sep 2 (EUROPA PRESS) – Google Spain made a profit of 63.4 million euros in 2023, which represents an increase of 21.2% compared to the profits of 52.3 million recorded a year earlier, while increasing its net worth by more than 33%, to 224.4 million euros. In addition, the firm increased the net amount of its turnover by 10.8% in the period between January and December 2023, to 290.5 million euros, according to the accounts of the Commercial Registry provided by Infoempresa to Europa Press. The company has explained that the growth in income “is attributable to the increase in demand for the company's services”. Google Spain recorded an operating profit of €80.1 million last year, more than 15.3% higher than the €69.5 million obtained in 2022. In addition, the firm increased its personnel expenses by 17.1%, from €128.9 million in 2022 to €150.9 million in 2023, while the number of employees at the end of the year increased from 580 to 561. Regarding the business outlook, the company has no plans or intention to restructure, reorganize or dispose of assets other than those reflected in these financial statements. On the other hand, the company accrued €4.36 million for the rent at the Torre Picasso in Madrid, owned by Pontegadea, the asset management firm of Amancio Ortega, where it has its general headquarters in Spain, whose contract expires on December 31. Google Spain has highlighted that its main activity is to assist the regional operating company for Europe, Africa and the Middle East (EMEA), Google Ireland Limited and Google Cloud EMEA Limited in marketing and customer support activities for the company's products in Spain.
Google Spain earns 63.4 million in 2023, 21.2% more, and increases its revenue by 10.8%, up to 290.5 million
