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- YouTube's revenue almost doubled to $7 billion in the second quarter of 2021, fueled in large part by a rebound in online advertising.
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Jul 27, 2021 · YouTube accelerated back into high growth for the second quarter of 2021, as ad revenue hit a record $7.0 billion for the period. Advertising revenue at the world’s biggest video platform...
- Todd Spangler
- Key Takeaways
- GOOGL Google Cloud Revenue
- GOOGL Ad Revenue
Google Cloud revenue surpassed analyst estimates.
Google Cloud is one of Alphabet's primary business segments. It provides developers with a cloud platform for building, testing, and deploying applications.
Google advertising revenue rose 68.9% compared to the year-ago quarter.
), parent company of Google, reported
(EPS) came in well above what analysts were forecasting, rising 169.1% year over year (YOY). Revenue also beat analyst estimates by a wide margin, up 61.6% compared to the year-ago quarter.
Cloud revenue came in at $4.6 billion, exceeding expectations. The company's shares were up more than 3% in extended trading. Over the past year, Alphabet's shares have provided a
Google Cloud revenue grew 53.9%, its fastest pace since Q3 FY 2019. Google Cloud is one of the tech giant's primary business segments, the other being Google Services. The cloud segment provides developers with a highly scalable and reliable platform for building, testing, and deploying applications. It also offers workspace collaboration tools, including apps like Gmail, Docs, Drive, Calendar, Meet, and more. As of the end of the first quarter of 2021, Google Cloud had an estimated 9% of the $150 billion global cloud market, ranking it third behind Microsoft Corporation's (
) Azure and top-ranked Amazon.com, Inc.'s (
Google's total ad revenue rose 68.9% compared to the year-ago quarter, rising to $50.4 billion. Google's ad revenue took a hit amid the onset of the COVID-19 pandemic last year. The company's advertising business includes ad revenue from YouTube, Google Network, and Google's search engine, which controls approximately 90% of the global search engine market. YouTube revenue was up 83.7% YOY to $7.0 billion in the second quarter.
Alphabet's next earnings report (for Q3 FY 2021) is estimated to be released on Oct. 27, 2021.
Jul 27, 2021 · YouTube’s big run during the COVID-19 pandemic continued during the second quarter, with Google reporting on Tuesday the internet video giant brought in $7 billion in revenue during Q2.
Jul 28, 2021 · YouTube's revenue almost doubled to $7 billion in the second quarter of 2021, fueled in large part by a rebound in online advertising. The video-sharing giant unveiled a strong...
- Martin Coulter
- Henry Blodget
Jul 26, 2023 · YouTube returned to growth in the second quarter, with ad revenue up about 4% year-over-year to $7.7 billion, according to an earnings statement from parent company Alphabet. Search and other, Google’s largest segment, grew 5% YoY to reach $42.6 billion, beating Wall Street’s expectations.
Jul 27, 2021 · Alphabet just set an all-time record revenue of $61.9 billion in Q2 2021, and set record profits for the third quarter in a row.
Jul 27, 2021 · YouTube advertising revenue soared to $7 billion, an 83% increase from the same time last year, according to parent company Alphabet, which conducted its earnings call on Wednesday.
