Google sets all-time records as search and YouTube profits soar

Last quarter, Google roared out of the post-pandemic-peak period with a record $17.9 billion in profit, finally joining other tech giants that had been raking it in despite (or perhaps because of) the rise of COVID-19. But Alphabet’s Q2 2021 earnings do it one better — the company just set an all-time record revenue of $61.9 billion this quarter, and record profits for the fourth quarter in a row at $18.5 billion. Some of the numbers the company’s posting today (PDF) are nearly double those it reported a year ago.

Google search appears to be the big driver, shooting up over $14 billion since this time last year to $35.8 billion total (that’s nearly $4 billion higher than it did last quarter as well). YouTube advertising revenue grew...

Continue reading…