EU fine dents Google profits, but sales beat expectations

Google has continued to give search ads more prominent space on mobile phones, fuelling the strong sales growth in the second quarter of 2018

23rd July, 2018
Google's parent reports results. Pic: Getty

Parent company Alphabet second-quarter sales of $26.24 billion during the second quarter. Analysts were expecting revenue of $25.55 billion, according to data compiled by Bloomberg. Google’s advertising business grew 24 per cent.

Alphabet shares jumped as much as 6.1 per cent in after-hours trading on Wall Street.

Google has continued to give search ads more prominent space on mobile phones, fuelling the strong sales growth.

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