Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady...
- Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue , its fourth straight quarter of double-digit growth , driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market.
"Investors will be looking for continued success in Search, but also for signs of the company adapting to the new world of AI," said Gil Luria, senior software analyst at D.A. Davidson & Co. The company's operating expenses in the second quarter ended June likely rose more than 32% to $27.57 billion, according to LSEG data, the highest jump in over two years.
Media investment firm GroupM raised its 2024 global advertising growth forecast to 7.8% in June, from 5.3% in December, primarily on account of better-than-expected spending in China and the United States.
Alphabet Quarterly Revenue Google Search Double-Digit Growth
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