Google’s digital advertising empire turned in another strong performance during the holiday shopping season, propelling a 36 percent increase in its corporate parent’s profit during the final three months of 2021.

The results announced Tuesday underscore how technology giants have adapted to become even more successful during a nearly two-year pandemic that has roiled much of the economy, AP reported from California.

In a show of confidence intended to make its shares more affordable, Google parent Alphabet also announced plans for its first stock split since 2014. If approved, the proposed 20-for-one split will reduce the price for each share this July, while keeping Alphabet’s market value intact.

Google stumbled during the early stages of the pandemic in 2020, leading to its first year-over-year decline in quarterly revenue.

But as government-imposed lockdowns led people to order more takeout and shop more online, Google’s dominant online ad network became even more of a magnet for merchants trying to connect with consumers corralled at home.

“Helping them thrive is more important than ever,” Alphabet CEO Sundar Pichai told analysts during a conference call.

In last year’s October-December period, Google raked in $61.2 billion in ad sales, a 33 percent increase from the same period in the previous year.

As usual, Google’s ad business accounted for the bulk of Alphabet’s profits. The Mountain View, California, company earned $20.6 billion, or $30.69 per share, well above the average estimate of $27.66 per share from analysts surveyed by FactSet Research.

Revenue rose 32 percent from the previous year to $75.3 billion, eclipsing analysts’ predictions for revenue of $72.3 billion.

In 2021, Google’s ad revenue topped $200 billion for the first time in the company’s 23-year history. Last year’s ad sales of $209.5 billion represented a 55 percent increase from the $134.8 billion posted in 2019 — the last full year before the pandemic changed everything.

In a change from recent quarters, advertising growth on Google’s YouTube video service lagged slightly behind overall gains in the business. In the most recent quarter, YouTube’s ad revenue totaled $8.6 billion, a 25 percent increase from the previous year. For all of 2021, YouTube pulled in $28.8 billion in advertising, nearly double its 2019 haul.

Google’s prosperity has made it a target for both regulators and lawmakers who believe the company has been abusing the power of its popular search engine and other services such as Maps, Gmail and the Chrome browser to unfairly trample competition. Some of those claims are being aired out in a series of antitrust lawsuits filed in 2020 by the U.S. Justice Department and state attorneys general.

Google has denied any wrongdoing and is fighting the legal actions that could undercut its future ad sales.