Google’s second-quarter revenue from its search advertisements beat expectations, enabling parent company Alphabet to report revenues in line with market forecasts.
Alphabet’s second-quarter 2022 revenue from “Google Search & Other” came in at $40.69 billion, up 13.53 percent from second-quarter 2021 revenue of $35.84 billion. It also beat financial data firm FactSet’s estimates of $40.15 billion. Revenue from YouTube ads rose, from $7 billion to $7.34 billion, while revenue from Google Network increased, from $7.60 billion to $8.26 billion during this period, according to second-quarter results published on July 26.
Alphabet’s overall revenue from Google advertising rose, from $50.44 to $56.29 billion, an increase of 11.6 percent.
https://abc.xyz/investor/static/pdf/2022Q2_alphabet_earnings_release.pdf?cache=ed395cc, https://www.reuters.com/technology/google-parent-alphabet-posts-higher-quarterly-revenue-2022-07-26/…