Google parent company’s Q2 earnings posts over $61 billion in revenue

Ricky, 28 July 2021

Google’s parent company Alphabet posted its earnings report for the quarter ending in June on Tuesday. The company surpassed expectations from Wall Street of $56.23 billion revenue and reached $61.88 billion for its fiscal Q2 of 2021. This accounts for a 62% increase compared to the same quarter in 2020. In particular, Google ad revenues have increased by 69% YoY.

In Q2, there was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses. Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience.” – Sundar Pichai, CEO of Google and Alphabet

In addition to ad revenue, Alphabet saw a significant increase in its cloud computing business. Cloud revenue rose more than 53% from a year ago.

Google parent company’s Q2 earnings smash Wall Street projections with over $61 billion in revenue

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Reader comments

true

They are building fortunes stealing our privacy.

  • InsiderInfo

Google is the bar stirred child from the ABC...XYZ parent it bore. Unsurprisingly they both share many similarities, and the child of this relationship (data) trafficked its parent.

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