Alphabet reported strong second quarter earnings, beating analyst expectations with adjusted earnings per share of $2.31 and revenue of $81.2 billion. AI has positively influenced various business sectors, leading to double-digit growth in search and continued prosperity in YouTube and cloud services. Advertising revenue reached $71.3 billion, surpassing projections. However, capital expenditures are set to rise to $85 billion, up from a previous estimate of $75 billion. Alphabet is also confronting legal challenges stemming from a judge's ruling on antitrust violations.
AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well.
For the quarter, Google saw adjusted earnings per share of $2.31 on revenue excluding traffic acquisition costs (TAC) of $81.2 billion, exceeding analyst expectations significantly.
Advertising revenue came in at $71.3 billion versus expectations of $69.6 billion, with Search revenue topping at $54.1 billion, exceeding predictions.
Google is facing potentially devastating consequences from a judge's decision that held it liable for antitrust violations in search, impacting its operational landscape.
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