GoogleThe parent company Alphabet announced its second-quarter results after trading.
Alphabet reported second-quarter revenue of $61.88 billion and market expectations of $56.156 billion; earnings per share of $27.26 and market expectations of $19.35.
Alphabet said YouTube's second-quarter advertising revenue was $7 billion and the market expected $6.37 billion; Google's cloud revenue was $4.63 billion and the market expected $4.4 billion; and Google's advertising revenue rose 69 per cent year-on-year to $50.44 billion.
The financial report also showed that the company's YouTube revenue for the quarter exceeded $7 billion, an increase of 83% over the same period last year, close to Netflix.Quarterly revenue of $7.34 billion.
After the announcement of the results, the share price rose more than 2% in after-hours trading.