Google’s ad revenue soars in second quarter

Google saw an increase in revenues this year, according to a second-quarter earnings report from parent company Alphabet Investor Relations.

Revenues for Google properties were $23.3 billion this year, up from $18.4 billion in Q2 2017. Advertising revenue in particular (mainly driven from Google’s search and YouTube advertising) was $28.1 billion, up from $22.7 billion. The number of paid clicks on Google ads also grew by 58% year-over-year.

Without accounting for a $5 billion fine against the company by the European Union, Google’s net income for the three-month period (which ended June 30) was $8.27 billion, more than twice the $3.5 billion net income from Q2 2017.

You can read the entire story from Media In Canada here.