Google revenue jumps 62%, fueled by demand for online advertising
CNN
This time last year, Google was starting to feel the early pandemic slump as large parts of the global economy shut down. On Tuesday, the company showed just how far it's come since.
Google's (GOOGL) parent company Alphabet reported revenue of $61.9 billion for the quarter ended June 30, a staggering 62% jump from the same quarter last year and significantly higher than analysts had expected. The company's profits more than doubled to $18.5 billion. Alphabet's stock rose 3% in after-hours trading Tuesday following the earnings report.More Related News
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.