Result represents growth of 14.75% compared to the same period of 2022; revenue was $74.6 billion

Alphabet, which owns Google, had net income of US$ 18.36 billion in the 2nd quarter of 2023, an increase of 14.75% compared to the US$ 16 billion registered in the same period of 2022.

Total revenue was US$ 74.6 billion – an increase of 7.06% compared to the second quarter of last year, when the company registered US$ 69.68 billion. Net earnings per share were $1.44. The data are contained in the company’s financial statement, released this Tuesday (July 25, 2023). Here is the full text (133 KB, in English).

Revenues obtained from advertising sales increased between April and June of this year compared to the same period in 2022. On YouTube, they increased from US$ 7.34 billion to US$ 7.66 billion, an increase of 4.36%. At Google, from US$56.28 billion to US$58.14 billion.

Google Cloud had revenues of around US$8.03 billion, up US$1.75 billion from the same period in 2022, when the company registered US$6.27 billion in the cloud service.

“Our financial results reflect continued resilience in Search, with accelerating revenue growth in Search and YouTube, as well as momentum in the cloud. We continue to invest for growth […]said Ruth Porat, chief financial officer of Alphabet and Google.

Source: https://www.poder360.com.br/economia/lucro-da-alphabet-sobe-para-us-1836-bi-no-2o-trimestre/



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