Driven by search, the operation ended the period between April and June with US$ 56.2 billion
Alphabet, owner of Google, presented this Tuesday (26) the results of the second quarter of the year with a net profit of US$ 16.002 billion. The result is 13.62% lower than the one presented a year earlier, when it accumulated US$ 18.525 billion.
Despite the reduction, the holding saw advertising investment grow 11.6% at Google, which ended the period between April and June with US$ 56.2 billion, driven by Search. Of that total, $7.3 billion came from YouTube, up 4.3% over the same period in 2021.
The numbers with the big tech announcements represented 76.2% of the conglomerate’s quarterly result, which had revenue of US$ 69.6 billion. The value represents an increase of 13% over last year, US$ 61.8 billion.
“In the second quarter, our performance was driven by Search
and cloud. The investments we’ve made over the years in AI and computing are helping make our services particularly valuable to consumers and highly effective for businesses of all sizes. As we sharpen our focus, we will continue to responsibly invest in deep computer science for the long term,” said Sundar Pichai, CEO of Alphabet and Google.
To date, Google is the first big tech with high penetration in the advertising market to show a profit in the second quarter. Companies like Snapchat and Twitter are reporting net losses, raising questions about how well these companies are coping with a weaker economy and global inflation.
