GOOG Stock Pops as Alphabet Earnings Report Shows Strong Ad Revenue

Alphabet(GOOG,GOOGL) is rising alongside its Q2 2022 earnings report.
That comes amid strong ad revenue during the period.
This is despite revenue and earnings per share missing estimates.

Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) stock is on the rise Wednesday as investors react to the tech giant’searnings report for the second quarter of 2022.

The big news from that earnings report is Google advertising revenue of $56.29 billion. That’s a strong jump compared to the $50.44 billion reported in Q2 2021. YouTube ad revenue also came in at $7.34 billion, as compared to $7 billion from the same time last year.

Sundar Pichai, CEO of Alphabet and Google, said the following in the earnings report.

“In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.”

The strong ad revenue saves an otherwise lackluster performance from Alphabet. The company missed Wall Street’s earnings per share estimates of $1.29 with its $1.21 reported. For comparison, EPS from the second quarter of 2021 was $1.36.

Adding to those woes is revenue of $69.69 billion. This also failed to reach analysts’ revenue estimate of $69.8 billion for the period. It is better than the $61.88 billion reported during the same period of the year prior.

GOOG stock and GOOGL stock are both up 5.1% as of Wednesday morning.

Investors on the lookout for more recent stock market news will want to keep reading!

$Alphabet(GOOG)$ $Alphabet(GOOGL)$

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Comments

LukeGott
2022-07-28
LukeGott
y
cassan
2022-07-28
cassan
Ok
Earthboii
2022-07-28
Earthboii
ok
小辉goPro
2022-07-28
小辉goPro
how good?
Qingguo
2022-07-28
Qingguo
like
senggy
2022-07-28
senggy
k

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That’s a strong jump compared to the $50.44 billion reported in Q2 2021. YouTube ad revenue also came in at $7.34 billion, as compared to $7 billion from the same time last year.</p><p>Sundar Pichai, CEO of Alphabet and Google, said the following in the earnings report.</p><blockquote>\n “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.”\n</blockquote><p>The strong ad revenue saves an otherwise lackluster performance from Alphabet. The company missed Wall Street’s earnings per share estimates of $1.29 with its $1.21 reported. For comparison, EPS from the second quarter of 2021 was $1.36.</p><p>Adding to those woes is revenue of $69.69 billion. This also failed to reach analysts’ revenue estimate of $69.8 billion for the period. It is better than the $61.88 billion reported during the same period of the year prior.</p><p>GOOG stock and GOOGL stock are both up 5.1% as of Wednesday morning.</p><p>Investors on the lookout for more recent stock market news will want to keep reading!</p><p><a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$Alphabet(GOOGL)$</a></p></body></html>","htmlText":"<html><head></head><body><ul>\n <li><b>Alphabet</b>(<b><u>GOOG</u></b>,<b><u>GOOGL</u></b>) is rising alongside its Q2 2022 earnings report.</li>\n <li>That comes amid strong ad revenue during the period.</li>\n <li>This is despite revenue and earnings per share missing estimates.</li>\n</ul><p><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/9f05da2f008b12bfc4df0fc677de3f87\" tg-width=\"-1\" tg-height=\"-1\"></p><p><b>Alphabet</b>(NASDAQ:<b><u>GOOG</u></b>, NASDAQ:<b><u>GOOGL</u></b>) stock is on the rise Wednesday as investors react to the tech giant’searnings report for the second quarter of 2022.</p><p>The big news from that earnings report is Google advertising revenue of $56.29 billion. That’s a strong jump compared to the $50.44 billion reported in Q2 2021. YouTube ad revenue also came in at $7.34 billion, as compared to $7 billion from the same time last year.</p><p>Sundar Pichai, CEO of Alphabet and Google, said the following in the earnings report.</p><blockquote>\n “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.”\n</blockquote><p>The strong ad revenue saves an otherwise lackluster performance from Alphabet. The company missed Wall Street’s earnings per share estimates of $1.29 with its $1.21 reported. For comparison, EPS from the second quarter of 2021 was $1.36.</p><p>Adding to those woes is revenue of $69.69 billion. This also failed to reach analysts’ revenue estimate of $69.8 billion for the period. It is better than the $61.88 billion reported during the same period of the year prior.</p><p>GOOG stock and GOOGL stock are both up 5.1% as of Wednesday morning.</p><p>Investors on the lookout for more recent stock market news will want to keep reading!</p><p><a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a> <a href=\"https://laohu8.com/S/GOOGL\">$Alphabet(GOOGL)$</a></p></body></html>","text":"Alphabet(GOOG,GOOGL) is rising alongside its Q2 2022 earnings report. That comes amid strong ad revenue during the period. This is despite revenue and earnings per share missing estimates. Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) stock is on the rise Wednesday as investors react to the tech giant’searnings report for the second quarter of 2022. The big news from that earnings report is Google advertising revenue of $56.29 billion. That’s a strong jump compared to the $50.44 billion reported in Q2 2021. YouTube ad revenue also came in at $7.34 billion, as compared to $7 billion from the same time last year. Sundar Pichai, CEO of Alphabet and Google, said the following in the earnings report. “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.” The strong ad revenue saves an otherwise lackluster performance from Alphabet. The company missed Wall Street’s earnings per share estimates of $1.29 with its $1.21 reported. For comparison, EPS from the second quarter of 2021 was $1.36. Adding to those woes is revenue of $69.69 billion. This also failed to reach analysts’ revenue estimate of $69.8 billion for the period. It is better than the $61.88 billion reported during the same period of the year prior. GOOG stock and GOOGL stock are both up 5.1% as of Wednesday morning. Investors on the lookout for more recent stock market news will want to keep reading! $Alphabet(GOOG)$ 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