Google revenue jumps 62%, fueled by demand for online advertising - News Summed Up

Google revenue jumps 62%, fueled by demand for online advertising


Much of that growth was driven by a rebound in Google's core advertising business, which posted revenue of $50.4 billion — a 69% increase from the year prior. Ad revenue from the company's video platform YouTube surged 84% to $7 billion. Google's ongoing efforts to diversity its business beyond online advertising also appear to be bearing fruit. Google Cloud revenue surged 54% to $4.6 billion. "Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone's digital experience."


Source: CNN July 27, 2021 21:45 UTC



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