[ gsmarena.com ] Alphabet reports record-breaking $26B revenue in Q2 2017

[ mukeshbalani.com ] “You heard it here first…if you haven’t already heard it elsewhere”…

Alphabet reports record-breaking $26B revenue in Q2 2017

Alphabet has revealed Google’s earnings for Q2 2017. The company recorded $26 billion in revenue, 21% UP compared to the same quarter last year. Net income is only $3.5 billion because of the $2.7 billion fine by the European Commission.

The advertising business rose 18% and brought in $22.7 billion, driven by a 52% increase in paid clicks. “Other bets” by Alphabet that include Nest, Fiber and other companies recorded an operating loss of $772 million. This is less than the $855 million back in Q2 2016.

In a separate announcement, Alphabet announced its newest member of the…

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