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Google ad revenue recovers; CFO Ruth Porat to take on new role

July 26, 2023 9:52

Google’s parent company Alphabet Inc has reversed its ad revenue slump for the past two consecutive quarters, with ad sales up 3% from a year ago, for the quarter ended 30 June.

Alphabet posted $58.14 billion (A$85.67 billion) in ad revenue during its latest quarterly earnings. Google search and others received $42.6 billion (A$62.74 billion) in ad revenue, while YouTube ads gathered $7.66 billion (A$11.28 billion).

[click to enlarge]: financial highlights

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Darcy Song was a reporter at Mumbrella, covering media owners, adtech and social platforms. She left in October 2023.

Topics
2023 financial results Alphabet Inc Google Sundar Pichai
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