Updated News Around the World

Google Revenue: Google sees revenue increase from Search, YouTube and more – Times of India

Amidst all the talk of a slowdown and economic downturn, Google’s parent company — Alphabet — has posted growth for the fourth consecutive quarter. According to the company’s quarterly results, it posted single-digit growth for the second quarter. Revenue from almost every source is up for the Sundar Pichai-led company.

Search still the big driver

According to Ruth Porat, chief financial officer, Google, the company’s consolidated revenue stood at $74.6 billion, which was up 7% compared to last year. Porat also said that search remained the largest contributor to revenue growth. Google Search and other advertising revenues were around $42.6 billion in the quarter. YouTube advertising revenues of $7.7 billion were up 4% for Alphabet.
Google’s CFO also revealed that other revenues were $8.1 billion, up 24%, “reflecting growth in YouTube non-advertising revenues, primarily from subscription growth in YouTube Music, Premium, and YouTube TV, followed by growth in hardware revenues, primarily driven by the launch of the Pixel 7a in the second quarter.” Google also launched its first foldable in this quarter and now has a rather healthy looking portfolio of devices but it is the other divisions that continue to rake in the moolah.
Google, earlier this year, did reveal that revenues across YouTube products were nearly $40 billion for the 12 months ending in March. “I’m really pleased with how YouTube is growing audiences and driving increased engagement,” said Google CEO Sundar Pichai.
“We delivered solid performance in Search and YouTube and ongoing strong growth in cloud, where we remain focused on long-term value creation,” added Sundar Pichai.
Google’s cloud division also showed growth with revenue up 28% compared to last year. “We’re very pleased with our financial results for the second quarter, which reflect an acceleration of growth in Search and momentum in Cloud,” Porat said during the investors’ call.

function loadGtagEvents(isGoogleCampaignActive) { if (!isGoogleCampaignActive) { return; } var id = document.getElementById('toi-plus-google-campaign'); if (id) { return; } (function(f, b, e, v, n, t, s) { t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; t.id = 'toi-plus-google-campaign'; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); })(f, b, e, 'https://www.googletagmanager.com/gtag/js?id=AW-877820074', n, t, s); };

window.TimesApps = window.TimesApps || {}; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) { var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) { loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); } else { var JarvisUrl="https://jarvis.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config){ if (config) { loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); } }) } }; })( window, document, 'script', );

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.