Google Parent Stock Climbs 3% as Alphabet Revenue up 21%

Alphabet’s revenue increased 21% last quarter, the Google parent has reported, powered by strong ad sales on mobile and video. The boost spurred a 3% surge in the company’s stock.

Consolidated revenue rose to $21.5-billion, up from from $17.73-billion a year earlier. Profit was just under $5 billion.


Alongside Facebook, Alphabet seems to own the mobile advertising market.

https://borndigital.com/2016/07/27/facebook-adds-60-million-users-in-q2-and-crushes-earnings-estimates

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