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

  • 3 months ago
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.

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