Alphabet (NASDAQ: GOOGL) announced its 2021 Q2 financial results on July 27th. According to the announcement, total revenue, operating income and net income were up 61.6%, 203.3% and 166.2%, respectively (YoY, 3 months).
On reviewing the revenue growth by segments, Google Search and YouTube ads revenues were up 68.1% and 83.7%, respectively (YoY, 3 months). In addition, total ads revenue was up 68.9% while Google Cloud was up 53.9% (YoY, 3 months). As for income by segments, Google Cloud recorded a loss. However, segment income of Google Services such as ads related income was up 134.2% (YoY, 3 months).
According to the announcement, Alphabet is currently repurchasing 50 billion USD Class A and C capital stocks corresponding to over 20% of the shareholders’ equity. In this regard, repurchase of 12 billion USD capital stocks was conducted in 2021 Q2.
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