Record-breaking! Google's second-quarter revenue soared 62% to $61.9 billion!

It is learned that Google's parent company Alphabet released its second quarter financial report on July 28: total revenue increased by 62% year-on-year to US$61.9 billion, and net profit was US$18.525 billion, setting a record for the highest quarterly revenue ever. It exceeded the US$56 billion expected by Wall Street analysts and was far higher than the US$56.9 billion in the fourth quarter of last year.

As usual, most of Alphabet's second-quarter revenue came from its advertising business - advertising revenue for the quarter was $50.44 billion, up 69% from the same period last year. Google's cloud business also contributed $4.63 billion in revenue, which was only around $3 billion a year ago. YouTube's revenue exceeded $7 billion, an increase of 83% over last year, close to Netflix's $7.34 billion. It is reported that more than 120 million people watch YouTube on TV every month.

It is learned that Google's second-quarter highlights also include YouTube's launch of Shorts, a short video feature in the United States, which makes YouTube a competitor to TikTok. In May, Google also cooperated with e-commerce leader Shopify to allow Shopify's sellers to display their products on websites such as Google Search, Google Maps and YouTube.

Editor ✎ Estella /

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