Google Ad Revenue Up 11% – $64.62 Billion In Ad Revenue – Search Engine Roundtable
Google / Alphabet reported (PDF) its Q2 2024 earnings last night, where its ad revenue hit $64.62 billion, up 11% from last year’s quarter of $58.14 billion. Clearly, Google’s advertising business continues to grow despite any economic downturn we may have seen.
Google’s overall revenue was up 14% year-over-year, with $85 billion in revenue and $1 billion in operating profit for the first time. CNBC reported, “The company reported ad revenue of $64.62 billion — up from $58.14 billion last year, showing that Google’s advertising business continues to grow, though at a slower pace than in the first quarter, after rising inflation and interest rates tightened marketing budgets in 2022 and 2023.”
That makes Google ad revenue increases this quarter, the previous quarter, the quarter before that and the quarter before that.
This is the second best ad revenue quarter Google ever reported, the best was the Q4 2023 earnings where Google had ad revenue of $65.52 billion, which is 1.37% less…
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source: https://news.oneseocompany.com/2024/07/24/google-ad-revenue-up-11-6462-billion-in-ad-revenue-search-engine-roundtable_2024072457484.html
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