$Alphabet(GOOG)$ $Alphabet(GOOGL)$
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.”
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