Google parent Alphabet posts revenues of $65bn as ads move online

Google parent Alphabet posts revenues of $65bn as ads move online

3 years ago
Anonymous $np3LcwuhSi

https://www.theguardian.com/technology/2021/oct/26/google-parent-alphabet-big-tech-profits-revenue

Google parent Alphabet continued big tech’s profitable march through earnings season, reporting third-quarter results that exceeded Wall Street’s expectations and a near doubling in profits as advertisers chased the consumer shift to online.

Alphabet’s revenue rose 41% to $65.12bn over the last three months, its largest revenue figure in 14 years. It posted a profit of over $21bn, nearly three times the figure it reported before the pandemic.