Google parent Alphabet Inc's (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online.
The brand logo of Alphabet Inc's Google is seen outside its office in Beijing, China, August 8, 2018. REUTERS/Thomas Peterquarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online.
Overall, it was a stellar day for the big U.S. tech companies - Apple and Microsoft also reported record earnings. "Alphabet has benefited from the general return of ad spend to the market and especially the balance of that return, which is more focused on digital channels than pre-pandemic," said Tom Johnson, chief digital officer at WPP Mindshare.
Retail brands were the biggest contributor to the ads business' growth, said Philipp Schindler, Google's chief business officer, during a call with analysts. The travel, financial services and media and entertainment sectors were also strong, he added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Google Revenue Surges as Online Advertising Market ThrivesGoogle’s parent company is expected to report its largest second-quarter sales growth in 14 years, driven by a gusher of online advertising from businesses vying for customers across reopened economies
Consulte Mais informação »
The main attractions arrive: Apple, Microsoft, Google, Facebook, Amazon and Tesla headline the biggest week of earningsThe coming week will be the most important of this quarter's earnings season --- even if later weeks beat it on quantity, it will be nearly impossible to top...
Consulte Mais informação »
YouTube Hits $7B in Ad Revenue, Tops Wall Street ExpectationsYouTube raked in more than $7 billion in ad revenue during Q2 of this year, parent company Alphabet reported in its quarterly earnings on Tuesday.
Consulte Mais informação »
Here’s what major Alphabet analysts expect from earnings after the bellAlphabet earnings are on deck, and analysts say investors should be watching for YouTube ad revenue and Google Cloud trends, among other things.
Consulte Mais informação »
Tesla reaches milestone with first $1B quarterly profitSAN RAMON, Calif. (AP) — Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers.
Consulte Mais informação »
Tesla Quarterly Profit Soars to RecordTesla posted a record quarterly profit of $1.1 billion, as it largely evaded the effects of the chip shortage that has constricted the global auto industry
Consulte Mais informação »