Alphabet profit falls once again, despite major revenue growth – News Opener

Google’s parent company has reported a drop-off in profit for a second consecutive quarter, despite a handsome rise in revenue.

As per the latest earnings report, Alphabet brought in a profit of circa $16 billion in Q2 2022, down from $18.5 billion for the same quarter last year. Meanwhile, total revenue for the quarter rose by 12.6% year-on-year to reach $69.7 billion.

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