Categories AlphaGraphs, Earnings, Technology

Alphabet (GOOG/GOOGL) Q2 2020 earnings: The most important numbers

After yesterday’s big-tech antitrust hearing, Alphabet (NASDAQ: GOOG/GOOGL), the parent of Google, reported second quarter 2020 earnings results today. Alphabet’s earnings and revenue dropped from the prior-year quarter. However, both the bottom and topline numbers beat the market’s estimates.

Alphabet - Google - GOOG - GOOGL - Q2 2020 Earnings Infograph

Advertising revenue declined 8% year-over-year to $29.9 billion in the second quarter. Search & Other revenue dropped 10% or $2.3 billion to $21.3 billion.

Also read: Highlights from the tech-antitrust congressional hearing

Alphabet - Google - Q2 2020 - Advertising revenue

Alphabet shares were trading up about 1% in the after-market hours.

Read Alphabet Q2 2020 earnings call transcript

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