Google parent company posts positive Q2 2024 results

The parent company of Google, Alphabet, has released its results for the second quarter of 2024.

Overall, the technology titan secured US$84,742 billion in revenue by the end of June 30 – a 14% increase from its 2023 result. Digital advertising and the cloud heavily contributed to its earnings.

“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,” said the company’s president and chief investment officer, Ruth Porat.