Alphabet Q2 Earnings Highlights<\/p>\n
Alphabet posted second-quarter revenue of approximately $119.80 billion, beating analyst\u00a0estimates<\/a>\u00a0of $116.82 billion, according to\u00a0Benzinga Pro<\/a>. <\/p>\n The Google parent company reported second-quarter earnings of $9.11 per share, which may not compare to estimates. Alphabet said earnings were up 294% year-over-year.<\/p>\n Total revenue was up 24% on a year-over-year basis, driven by strong performance across the business. Here\u2019s a breakdown of revenue by category.<\/p>\n Google Search: $63.27 billion, up from $54.19 billion year-over-year<\/p>\n YouTube Advertising:\u00a0$11.06 billion, up from $9.80\u00a0billion year-over-year<\/p>\n Google Cloud:\u00a0$24.77 billion, up from $13.62 billion year-over-year<\/p>\n Google Advertising: $81.63 billion, up from $71.34 billion year-over-year<\/p>\n \u201cOur AI investments are redefining what\u2019s possible across every part of our business,\u201d said\u00a0Sundar Pichai, CEO of Alphabet.<\/p>\n \u201cQ2 was an amazing quarter, with Alphabet revenues growing 24% year-over-year and Google Cloud revenues accelerating to 82% growth, driven by demand for AI infrastructure and AI solutions. It\u2019s great to see wide adoption of Gemini Enterprise, with nearly 90% of the Fortune 100 using it.\u201d<\/p>\n Alphabet noted Gemini models now process 22 billion API tokens per minute and the Gemini app now has 950 million monthly active users.<\/p>\n Alphabet ended the quarter with approximately $242.47 billion in cash, cash equivalents and marketable securities.<\/p>\n Alphabet executives will further discuss the company\u2019s quarterly results on an earnings call at 4:30 p.m. ET.<\/p>\n GOOG Shares Move Higher After the Bell<\/p>\n GOOG Price Action:\u00a0Alphabet shares<\/a>\u00a0were up 1.39% in after-hours on Wednesday, trading at $346.67 at the time of publication, according to\u00a0Benzinga Pro<\/a>.<\/p>\n Image: Shutterstock.com<\/p>\n","protected":false},"excerpt":{"rendered":"Alphabet Q2 Earnings Highlights Alphabet posted second-quarter revenue of approximately $119.80 billion, beating analyst\u00a0estimates\u00a0of $116.82 billion, according to\u00a0Benzinga…\n","protected":false},"author":2,"featured_media":115462,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[24,7705,15008,15897,5895,5893,5896,5894,7911,5892,132,1429,5891,7777,7778,5903],"class_list":["post-115461","post","type-post","status-publish","format-standard","has-post-thumbnail","category-google","tag-ai","tag-category-after-hours-center","tag-category-earnings","tag-category-guidance","tag-category-movers","tag-category-news","tag-category-tech","tag-category-top-stories","tag-category-trading-ideas","tag-cms-wordpress","tag-google","tag-google-ai","tag-pageisbzpro-bz","tag-symbol-goog","tag-symbol-googl","tag-tag-why-its-moving"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/115461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=115461"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/115461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/115462"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=115461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=115461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=115461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}