Alphabet Posts $119.8 Billion Q2 Revenue, Beating Estimates by 2.2%
Updated
Updated · TradingView · Aug 21
Alphabet Posts $119.8 Billion Q2 Revenue, Beating Estimates by 2.2%
3 articles · Updated · TradingView · Aug 21
Summary
Alphabet led the consumer internet Q2 pack with $119.8 billion in revenue, up 24.2% from a year earlier and ahead of Wall Street forecasts.
That beat came with a solid EPS outperformance, making the quarter the strongest in the group even as the stock stayed roughly flat after the report at $345.09.
Across 44 consumer internet companies, revenue topped consensus by 1.3% on average, but next-quarter guidance ran 3% below expectations.
The mixed backdrop showed up in peers: Reddit delivered the fastest growth at 61.1%, while Coinbase revenue fell 18.5% and Bumble sales dropped 15.2%.
Sector shares have slipped 1.6% on average since earnings, suggesting Alphabet's strong print stood out in an otherwise uneven reporting season.