fbpx
Business

Alphabet posts $38 billion in revenue in Q2 earnings

Who would have guessed that Google is still rich?

Google’s parent company Alphabet has posted its latest earnings report with a moderately impressive revenue of $38.297 billion USD (roughly $51.4 billion CAD).

While this is a bit of a decrease compared to Q1 and last year’s Q2, it’s still a solid showing for the company. In Q1 2020, Alphabet’s posted revenue was $41.14 billion USD (roughly $57 billion CAD), while Q2 2019’s revenue was $38.94 billion USD (roughly, $52.3 billion CAD).

Further down the investor’s report, the company breaks down what sections of Google made money and how much. Here are some of the highlights:

  • Google Search & other — $21,319 billion USD (roughly, $28.6 billion CAD)
    YouTube ads — $3,812 (roughly, $5.12 billion CAD)
    Google properties — $25,131 (roughly, $33.7 billion CAD)
    Google advertising — $29,867 (roughly, $40.1 billion CAD)
    Google Cloud — $3,007 (Roughly, $4 billion CAD)

If you want to find out more, the company’s earnings call is being shared on YouTube. 

Source: Alphabet

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here.

Related Articles

Comments