Have you ever heard of Alphabet (ticker symbol: GOOG), a US stock company?
It is a huge multinational company established as a holding company for Google and other companies.
In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on July 27, 2021.
Financial Results for April to June 2021
EPS of $27.26 vs. forecast of $19.08.
Net sales were $61.88 billion compared to the forecast of $56.08 billion.
Sales growth was 61.6% YoY.
YouTube ad sales were $7.0 billion, up 84% from the same period last year.
Google’s overall ad revenue was $50.4 billion, up 69% year-over-year.
Google Cloud revenue was $4.6 billion, up 53% from the same period last year.