A resurgence in Google’s main online advertising business drove much of that gain, with revenue of $50.4 billion, up 69 percent from the previous year.
Alphabet, the parent company of Google, posted revenue of $61.9 billion for the quarter ended June 30, up 62 percent from the same period last year and much higher than analysts’ expectations.
Profits increased to $18.5 billion, more than doubling the previous year’s total.
Following the results release, Alphabet’s stock climbed 3% in after-hours trade on Tuesday.
YouTube’s online advertising revenue increased by 84% to $7 billion.
Sundar Pichai, the CEO of Alphabet and Google, praised the company’s efforts in artificial intelligence and its quickly growing cloud business, which saw its quarterly losses shrink from $1.4 billion to $591 million compared to the same period last year.
Revenue from Google Cloud increased by 54% to $4.6 billion.
“There was a rising tide of online activity in many parts of the world in Q2,” Pichai said in a statement. “We’re delighted that our services assisted so many people and companies.” “Our long-term investments in AI and Google Cloud are allowing us to improve everyone’s digital experience significantly.”
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