GOOGLE has invested in the gaming industry for a long time. Developers can build and distribute gaming apps on the internet. The creators of video games are reaching out to their fans on the internet. At massive scale, our cloud streaming technology delivers immersing game play.

We launched a consumer gaming service a few years back. While Stadia's approach to streaming games for consumers was built on a strong technology foundation, it hasn't gained the traction with users that we expected.

The Stadia players have been with us since the beginning. All purchases made through the Stadia store will be returned. Through January 18, 2023, players will have access to their games library and will be able to finish their play sessions. Most of the refunds are expected to be done by mid-January. On our help center, we have more information for players.

Stadia is powered by a technology platform that has been proven to work at scale. We see opportunities to apply this technology across other parts of the company, as well as make it available to our industry partners, which is in line with where we see the future of gaming heading. New tools, technologies and platforms that power the success of developers, industry partners, cloud customers and creators will continue to be invested by us.

Building and supporting Stadia has been driven by the same passion that our players have for games. In other parts of the company, many of the Stadia team members will carry this work. We are grateful for the work done by the team and look forward to continuing to have an impact using the Stadia streaming technology.