The results of the American internet concern Alphabet exceeded market expectations. They were supported by more than a two-thirds increase in Google’s parent advertising revenue.
Alphabet’s revenue for the three months (April-June) rose 62% year-over-year to $ 61.88 billion from $ 38.29 billion a year ago, with analysts expecting $ 56.03 billion. Earnings rose to $ 18.53 billion, or $ 27.26 per share, from $ 6.96 billion (or $ 10.13 per share).
Online advertising continues to be the engine of growth. Google’s advertising revenue jumped approximately 69% to $ 50.44 billion from $ 29.87 billion a year ago. Youtube video revenue rose to $ 7 billion from $ 3.8 billion, and cloud services revenue rose more than half to $ 4.63 billion.
Source: PCTuning – Všechen obsah by pctuning.cz.
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