{"id":276290,"date":"2021-07-28T09:46:24","date_gmt":"2021-07-28T09:46:24","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=324342"},"modified":"2021-07-28T09:46:24","modified_gmt":"2021-07-28T09:46:24","slug":"alphabet-revenue-up-on-advertising-rebound","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/07\/28\/alphabet-revenue-up-on-advertising-rebound\/","title":{"rendered":"Alphabet revenue up on advertising rebound"},"content":{"rendered":"

<\/p>\n

\tAlphabet and Google CEO Sundar Pichai (pictured) highlighted a rising tide of online activity globally which contributed to a surge in earnings for Q2, as advertising revenue resumed business as usual after being hit by Covid-19 (coronavirus) headwinds in 2020.<\/p>\n

Revenue grew 62 per cent year-on-year to $61.9 billion, the bulk of which came from Google advertising which rose 69 per cent to $50.4 billion. Net income hit $18.5 billion, up from $7 billion, in part due to an accounting change.<\/p>\n

In a statement, Pichai hailed the fact the company\u2019s services helped consumers and businesses, while adding long-term investment in AI and Google Cloud \u201care helping us drive significant improvements in everyone\u2019s digital experience\u201d.<\/p>\n

Advertising from YouTube rose from $3.8 billion to $7 billion, while its TikTok competitor YouTube shorts surpassed 15 billion views daily, an increase from 6.5 billion in March.<\/p>\n

Revenue for Google Cloud, which includes infrastructure, its data analytics arm and enterprise-focused services including Google Docs and Sheets, was up from $3 billion to $4.6 billion. Operating loss in cloud was also cut from $1.4 billion to $591 million.<\/p>\n

Other Bets, which includes self-driving car initiatives, posted a rise to $192 million, from $148 billion, however operating loss was higher at $1.4 billion from $1.1 billion.<\/p>\n

On an earnings call, CFO Ruth Porat added the company expected \u201ca more muted tailwind to revenues\u201d in Q3, but added it was \u201ctoo early to forecast longer-term trends as markets reopen\u201d.<\/p>\n\n

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Alphabet and Google CEO Sundar Pichai (pictured) highlighted a rising tide of online activity globally …<\/p>\n

The post Alphabet revenue up on advertising rebound<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Alphabet revenue up on advertising rebound - ITTeacherITFreelance.hk","description":"Alphabet and Google CEO Sundar Pichai (pictured) highlighted a rising tide of online activity globally ... The post Alphabet revenue up on advertising rebound a"},"footnotes":""},"categories":[11,12,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/276290"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=276290"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/276290\/revisions"}],"predecessor-version":[{"id":276291,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/276290\/revisions\/276291"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=276290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=276290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=276290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}