YouTube Q2 Ad Sales Rise 4.4%, Alphabet Handily Tops Earnings Estimates
Todd Spangler NY Digital Editor YouTube’s second-quarter 2023 ad sales had a modest year-over-year uptick, rising 4.4% to $7.67 billion, a reversal after three consecutive quarters of declines at the video platform. Alphabet, the parent company of Google and YouTube, came in above analyst earnings expectations, with top-line growth of 7%. Alphabet reported $74.60 billion in revenue and net income of $18.37 billion, or $1.44 per share.