At the same time, the company slashed its debts and continued to expand its local team. The company’s financial indicators do not reflect the US giant’s local advertising activity.
Turnover reached RON299 million (around EUR60.12 million) in 2024, up around 1.86% from 2023. Nevertheless, the company reported higher net losses in 2024, at around RON53.3 million (around EUR10.71 million), compared with 2023 losses of almost RON45 million.
On the other hand, the company’s losses plunged to RON55.7 million year-on-year, an around 28.5% decline. Headcount went slightly up, to 388 employees, from 371 in 2023.
Google has had this tech center in Romania since 2021, after its global acquisition of Fitbit.
The Bucharest hub is considered to be Google’s largest wearables development center in CEE.
(English version by Catalina Apostoiu)