YouTube Ad Revenue Posts Double-Digit Gain, Lifting Alphabet Q2 Results Above Wall Street Estimates

YouTube ad revenue increased by double digits in the second quarter, helping parent Alphabet beat Wall Street estimates. Total revenue for the period ended June 30 climbed 14% over the year-ago quarter to reach $96.4 billion, while diluted earnings per share also rose to $2.31. Both metrics exceeded Wall Street analysts’ consensus forecasts. Advertising on YouTube increased 13% to $9.8 billion. CEO Sundar Pichai saluted the division’s “strong performance” in the tech giant’s earnings release. Despite all ...