Alphabet today announced Q2 2024 earnings with $84.72 billion in revenue. These numbers range from April to June.
Revenue is up 14% from $74.6 billion in .
Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud. We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead.
Sundar Pichai, CEO
We delivered revenues of $85 billion, up 14% year-on-year driven by Search as well as Cloud, which for the first time exceeded $10 billion in quarterly revenues and $1 billion in operating profit. As we invest to support our highest growth opportunities, we remain committed to creating investment capacity with our ongoing work to durably re-engineer our cost base.
Ruth Porat, President and Chief Investment Officer; CFO
In Q2 2024, YouTube ad revenue was $8.66 billion (versus $7.67 billion a year ago), while Cloud reported $10.35 billion (compared to $8.03 billion).
“Google subscriptions, platforms, and devices” (previously “Google other”) — which includes hardware, Play Store, and non-advertising YouTube revenues — reported $9.31 billion, compared to $8.14 billion the same quarter last year.
“Other Bets” continues to lose money. However, it reported $365 million revenue from $285 million in Q2 of 2023. However, it lost $1.12 billion compared to $813 million in the same quarter of last year.
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