Forum Moderators: goodroi

Message Too Old, No Replies

Google Alphabet Q2 2023 Results Revenues Up 7pct to $74.6 bln

         

engine

8:30 am on Jul 26, 2023 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Alphabet has just published its Q2, 2023 results, and its revenues were up 7% to $74.604 billion, Y-on-Y.

Search ads generated $42.624 billion (up from $40.689 bln), with YouTube ads $7.665 billion (up from $7.340 bln) Y-on-Y.

Sundar Pichai, CEO of Alphabet and Google, said: “There’s exciting momentum across our products and the company, which drove strong results this quarter. Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services. With fifteen products that each serve half a billion people, and six that serve over two billion each, we have so many opportunities to deliver on our mission.”
Ruth Porat, CFO of Alphabet and Google, said: “Our financial results reflect continued resilience in Search, with an acceleration of revenue growth in both Search and YouTube, as well as momentum in Cloud. We continue investing for growth, while prioritizing our efforts to durably reengineer our cost base company-wide and create capacity to deliver sustainable value for the long term.”


Alphabet Q1, 2023 results (PDF) [abc.xyz...]

Previous quarter Google Alphabet Q1 2023 Results Revenues Up 3pct to $69.7 bln [webmasterworld.com]