Masters of the Universe: Google Advertising Revenue Balloons 70% in Second Quarter
28 Jul 2021
Google, which has a stranglehold on the internet advertising market along with Facebook, reported that its online ad revenue for the second quarter jumped 70 percent to $50.44 billion. Google’s video platform YouTube enjoyed an ad revenue jump of 83 percent last quarter, passing $7 billion.
Deadline reports that tech giant Google’s video-sharing platform YouTube saw ad revenue jump last quarter, passing $7 billion from $3.8 billion one year ago. Google’s parent company Alphabet saw an overall sales surge during Q3 of 2021, reaching nearly $62 billion up from $38 billion, beating Wall Street analyst expectations.
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