Alphabet records $32.7 billion in revenue with 26% YoY growth in Q2 2018
Alphabet today announced financial results for the quarter ended June 30, 2018. The company has recorded a total revenue of $32.657 billion with a YoY increase of 26% and an operating income of $2.807 billion with 9% margin, this is including the fines.
The company has recorded a net income of $3.195 billion with Diluted EPS of $4.54. The Google properties revenues reported $23.262 billion, network Members’ properties revenues $4.825 billion, Google advertising revenues $28,087 billion, other revenues $4.425 billion. Google segment revenues $32,512 billion and other Bets revenues were reported $145 million, Google operating income came around $8.959 billion.
The revenue also includes the EC fines in reconciling items for the three June 30, 2018. On the other hand, Traffic acquisition costs for Google Network Members was around $3.411 million, paid clicks on Google properties improved 15 %YoY and Cost-per-click on Google properties has witnessed a 10% growth.
Ruth Porat, CFO of Alphabet and Google. Q2 2018 financial:
We delivered another quarter of very strong performance, with revenues of $32.7 billion, up 26% versus the second quarter of 2017 and 23% on a constant currency basis. Our investments are driving great experiences for users, strong results for advertisers, and new business opportunities for Google and Alphabet.