Google parent Alphabet posted $50.44 billion in sales from advertising, a 69% increase helped by a red-hot U.S. market where ad-spending is on track to be the fastest in the postwar era. YouTube’s ad business collected $7 billion in revenue, increasing 84% from a year earlier.
The expected results should deepen investor confidence that Alphabet emerged stronger after the Covid-19 pandemic accelerated e-commerce purchases, online food orders and streaming video consumption, analysts say….
Source link
