Google reassures Wall Street with ad business showing resilience
Advertising—especially search ads—might be positioned to weather a crunch in marketing spending.
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Google parent Alphabet Inc. reported second-quarter revenue that met analysts’ expectations, reflecting the internet giant’s resilience amid slowing growth in advertising.
Revenue, excluding payments to distribution partners, was $57.47 billion in the quarter, the company said Tuesday in a statement. Analysts had projected $58 billion, according to data compiled by Bloomberg. Shares rose.
