YouTube Ad Revenue Inches Up 5% In Q2 As Alphabet Undershoots Wall Street Targets – Deadline

Alphabet, parent of Google and YouTube, missed Wall Street analysts’ forecasts with $69.7 billion in revenue and earnings per share of $1.21.

YouTube ad revenue climbed just 5% from the year-ago period, reaching $7.34 billion.

Sundar Pichai, CEO of Alphabet and Google, pointed to progress in search and cloud operations in the quarter. “As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term,” he said in the company’s earnings release.


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