Google is a company under fire from many directions. The online advertising giant is currently stewarding the industry away from cookie-based targeting, while battling with regulators on both sides of the Atlantic. Despite all this, business remains good.
Top line
Google’s parent company Alphabet posted revenues of $55.3 billion for the three months to March 31, representing a 34% year-on-year increase.
Advertising continues to represent the bulk of the company’s earnings ($44.7 billion), but Alphabet and Google CFO Ruth Porat highlighted the continued growth of its Google Cloud business, which generated $4 billion during the period.
Between the lines
Google’s search advertising business generated $31.88
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