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| Google advertising revenue has increased compared to last year |
Alphabet, the parent company of Google, announced its results for the second quarter of 2021. The search and services company posted record revenue of $61.9 billion in the quarter.
It also reported $18.5 billion in profits for the fourth consecutive quarter. Some of the numbers released by the company today are almost double what they were a year ago.
These numbers are working hard to achieve 62% earnings growth and 166% net profit growth.
Google search appears to be the main driver, increasing by more than $14 billion to $35.8 billion since the same period last year (also nearly $4 billion more than the previous quarter).
YouTube ad revenue has also grown exponentially, nearly doubling from $3.8 billion last year to $7 billion.
It's also $1 billion more than YouTube's revenue last quarter. The company also said YouTube Shorts were a hit, posting 15 billion views worldwide per day (up from 6.5 billion in March).
Google's fast-growing cloud business suffered an operating loss of $591 million, a significant improvement over its $1.43 billion loss the year before.
Revenue increased from $4 billion in the prior quarter to $4.6 billion in the quarter. (The cloud raised $3 billion last year.)
Google breaks records
Google Cloud includes a data analytics platform, infrastructure, collaboration tools, and other services for business customers.
If you want to know how devices worked before the Pixel 6 Pro was released, Google didn't disable the device number. But there are also "other products" categories that also contain other items. It now has $6.6 billion in sales, up from $5.1 billion last year.
The cost of acquiring the transfer is $10.93 billion. The company said retail was the largest contributor to the company's advertising growth to date.
The company has more than 120 million people who watch YouTube on TV every month.
On the other hand, both revenues and losses have increased. The group recorded sales of $192 million, compared to $148 million in the same period last year.
However, losses in the first quarter were $1.4 billion compared to $1.1 billion in the same period last year.