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Record Alphabet Earnings Fueled by Retail Ad Surge

By
Sarah Krouse
· · Source: The Information

Expectations for Alphabet’s second-quarter results were extremely high thanks to Twitter and Snap’s results last week, but the company more than delivered. Alphabet’s net income more than doubled in the June quarter to $18.5 billion, a new record, as Google benefited from strong online ad spending by businesses while continuing to pare losses in its cloud computing arm, its most important non-ads...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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