Google's Parent Company, Alphabet, Reports Mixed Q2 Results with YouTube Ad Revenue Falling Short

Benzinga

Google's parent company, Alphabet, reported second-quarter earnings that met revenue expectations but missed expectations for YouTube ad revenue. YouTube ad revenue fell short of estimates, while Google's overall ad revenue increased.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02Google's parent company, Alphabet, reported second-quarter earnings that met revenue expectations

00:07but missed expectations for YouTube ad revenue.

00:10YouTube ad revenue fell short of estimates, while Google's overall ad revenue increased.

00:14Google Cloud revenue exceeded estimates and surpassed a $10 billion quarterly revenue

00:19milestone for the first time.

00:21Alphabet's other bets, including Waymo, brought in $365 million in revenue, up from $285 million

00:28last year.

00:29Waymo is now providing 50,000 paid weekly rides primarily in San Francisco and Phoenix.

00:34CEO Sundar Pichai said that Search and Cloud continue to show strength and momentum.

00:38For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended