首页 News 正文

Google's parent company's Q2 net profit increased by 29% year-on-year, with multiple indicators exceeding expectations

我放心你带套猛
231 0 0

On July 24th Beijing time, Google's parent company Alphabet (NASDAQ: GOOG, GOOGL) released its Q2 2024 financial report for the fiscal year ending on June 30th. According to the financial report, Alphabet's revenue for the second quarter was $84.742 billion, an increase of 14% compared to the same period last year's $74.604 billion, and a year-on-year increase of 15% calculated at fixed exchange rates; The net profit was 23.619 billion US dollars, an increase of 29% compared to the same period last year's 18.368 billion US dollars. Both revenue and net profit were previously expected by the supermarket.
Ido Caspi, a research analyst at Global X, stated that this is another outstanding quarter for Google, with multiple indicators exceeding expectations. Advertising sales and artificial intelligence products are the factors driving Google's performance growth.
In terms of specific business, Google's advertising business is the main support, with a total revenue of 64.616 billion US dollars, an increase of 11% compared to the same period last year's 58.143 billion US dollars. Among them, Google's search and other advertising revenue was 48.509 billion US dollars, an increase of 14% from 42.628 billion US dollars in the same period last year; YouTube's advertising revenue was $8.663 billion, a 13% increase from $7.665 billion in the same period last year, which was weaker than expected. Google's membership network revenue was $7.444 billion, a decrease of 5% from $7.85 billion in the same period last year.
The highly anticipated cloud business achieved a revenue of over 10 billion US dollars in the first quarter and 10.347 billion US dollars in the second quarter, an increase of 29% compared to the same period last year's 8.031 billion US dollars, exceeding market expectations. The management stated during the earnings call that cloud revenue has been boosted by the demand for AI.
In addition, "Other Bets" was once Google's technology innovation department, positioned as a forward thinking product development and venture capital firm, including autonomous driving startup Waymo, intelligent healthcare Verily, venture capital funds Google Capital and Google Venture, among others. This business saw a year-on-year revenue growth of 28% to $365 million in the second quarter, weaker than market expectations of $389.6 million.
After the release of the financial report, Google's US stock price fluctuated after hours, first rising 2% and then turning down 1% at one point, falling more than 2% as of press time.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
    caffycat
    昨天 11:18
    支持
    反对
    回复
    收藏
  •   每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
    star8699
    3 天前
    支持
    反对
    回复
    收藏
  •   上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
    goodfriendboy
    3 天前
    支持
    反对
    回复
    收藏
  •   人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
    3233340
    昨天 17:06
    支持
    反对
    回复
    收藏
我放心你带套猛 注册会员
  • 粉丝

    0

  • 关注

    0

  • 主题

    31