Ireland: Google Ireland Holdings
Overview
Google Ireland Holdings Unlimited Company is an Irish Google/Alphabet holding company. It is registered in Ireland under company number 369511 and has its registered office at 70 Sir John Rogerson’s Quay, Dublin 2, Ireland. The company is a private unlimited company.
Google Ireland Holdings Unlimited Company should be treated as a corporate holding and investment entity, not as an operating Google company. Its principal activity is holding equity investments in subsidiaries within the Alphabet group. It does not sell Google services, book Google advertising revenue, contract with users, operate Google Cloud services, run Google Search or YouTube, or operate data-centre infrastructure.
Ownership and group status
Google Ireland Holdings Unlimited Company is a wholly owned subsidiary of Google APAC Technology Pte. Ltd, incorporated in Singapore. Its ultimate parent undertaking and ultimate controlling party is Alphabet Inc., incorporated in the United States.
The company is included in Alphabet Inc.’s consolidated financial statements. Its own financial statements present the company as an individual entity and not as a consolidated group. The company uses the exemption under Section 300 of the Companies Act 2014 from preparing consolidated financial statements.
Leadership
The directors listed in the FY2024 annual report are:
| Director |
|---|
| Elizabeth M. Cunningham |
| Valentine Bohan |
| Fiona M. Bones |
The company secretary is Matsack Trust Limited.
Business model and role
Google Ireland Holdings Unlimited Company functions as a holding company for equity investments in Alphabet group subsidiaries. Its financial results are driven by dividend income from group undertakings, interest income from intercompany receivables and fair-value movements on financial assets.
The company has no operating turnover. Its annual profit or loss is not comparable with the revenue and operating profit of Google’s market-facing, cloud, commerce, payments or data-centre entities.
Subsidiaries and investments
The FY2024 accounts list the company’s investments in subsidiaries and related entities, including:
| Entity | Principal activity | Country |
|---|---|---|
| Google Netherlands Holdings BV | Holding company | Netherlands |
| Google Information Technology (Shanghai) Company Limited | Internet search engine company | China |
| Google Information Technology (China) Co., Limited | Software development | China |
| Peng Ji Information Technology (Shanghai) Co., Ltd | Software development | China |
| Google Advertising (Shanghai) Company Limited | Internet advertising | China |
| NVF Tech Limited | Research and development company | United Kingdom |
| DoubleClick International Asia Holding N.V. | Holding company | Curaçao / Netherlands |
| Bitspin GmbH, in liquidation | Software development | Switzerland |
| Nest Labs (Europe) Limited | Home automation | Ireland |
| AIMatter OOO, in liquidation | Software development | Belarus |
| Google Supply Chain Management (Shenzhen) Co., Ltd | Supply-chain management | China |
The company also holds a 50% joint-venture interest in Beijing Gu Xiang Information Technology Co. Limited, an internet-search-engine company incorporated in China.
Google Ireland Holdings key financial data
Data in US$. The company’s functional and presentation currency is US dollars. The company has no turnover.
| Year | Turnover | Profit / loss for the financial year | Total assets | Net assets |
|---|---|---|---|---|
| 2021 | 0 | 20,156,000 | 391,909,000 | 383,578,000 |
| 2022 | 0 | -10,720,000 | 381,004,000 | 372,858,000 |
| 2023 | 0 | 45,243,000 | 427,896,000 | 418,101,000 |
| 2024 | 0 | -53,412,000 | 367,876,000 | 364,689,000 |
Latest financial snapshot
FY2024
| Indicator | Value |
|---|---|
| Turnover | US$0 |
| Operating loss | -US$587,000 |
| Income from shares in group undertakings | US$342,000 |
| Interest receivable and similar income | US$15,064,000 |
| Fair-value loss on financial assets | -US$64,436,000 |
| Loss before tax | -US$49,617,000 |
| Tax charge | -US$3,795,000 |
| Loss for the financial year | -US$53,412,000 |
| Fixed financial assets | US$42,358,000 |
| Current assets | US$325,518,000 |
| Total assets | US$367,876,000 |
| Net assets / shareholder funds | US$364,689,000 |
| Employees | 0 |
The FY2024 accounts show no turnover. The company recorded a US$53.4m loss in 2024, compared with a US$45.2m profit in 2023. The 2024 loss was driven mainly by a US$64.4m fair-value loss on financial assets measured at fair value through profit or loss.