YouTube Q2 Ad Sales Rise 4.4%, Alphabet Handily Tops Earnings Estimates

📆 7/25/2023 11:06 PM
📰 Variety

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YouTube’s second-quarter 2023 ad sales had a slight year-over-year uptick, rising 4.4% to $7.67 billion, a reversal after three consecutive quarters of declines at the video platform. Alphabe…

Alphabet reported $74.60 billion in revenue and net income of $18.37 billion, or $1.44 per share. For the company overall, Wall Street had pegged $72.82 billion in revenue and earnings per share of $1.34 on average, according to Refinitiv data.

Analysts had forecast YouTube ad sales coming in at $7.43 billion. YouTube and Google have faced tough year-over-year comparisons the last few quarters after notching high double-digit revenue jumps in 2021 driven by the pandemic: For the full-year 2021, YouTube ad revenue was up a whopping 46%. In its earnings reports, the internet giant breaks out YouTube ad sales; that does not include subscription revenue from YouTube TV (which

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