Google parent Alphabet Inc. rode strong advertising demand to a 24% increase in profits, as it continues to capture users and advertisers shifting to mobile. Alphabet revenue, fueled almost entirely by Google’s advertising business, rose 21% to $21.5 billion in the... Alphabet’s growth continued in the second quarter as companies bought more ads on its search engine and other products, while users increasingly clicked on those ads.

Source: Wall Street Journal July 28, 2016 20:13 UTC