Google’s search engine business is demonstrating resilience in the face of a slowing economy and rising inflation, but its other businesses have not been able to escape a downturn in online advertising.
Google’s parent company, Alphabet, reported on Tuesday a net profit of $16 billion in the second quarter, down 14 percent from a year earlier, while revenue climbed 13 percent to $69.7 billion. The earnings were below analysts’ estimates of $17.5 billion in profit on $69.9 billion in…
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