View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

Google’s global advertising revenue jumped by $3.5bn to $22.6bn in the second quarter

By Freddy Mayhew

Google made $22bn from advertising worldwide in the second quarter of 2017.

Alphabet, the parent company of Google and YouTube, has announced a 21 per cent jump in quarterly revenues year-on-year to $26bn, but marked a fall in profits owing to a European Union-issued fine against Google.

The US company’s operating income (or operating profit) for the second quarter of 2016 was nearly $6bn, while over the same period this year it made just over $4bn.

The dent in profits is the result of a $2.7bn anti-trust fine issued against Google last month by the EU for demoting rivals in online search advertising, a ruling the company contests.

Revenues from Europe, the Middle East and Africa made up $8.5bn of the total revenue, a growth of 14 per cent year-on-year.

Ruth Porat, Alphabet’s chief financial officer, said the company was delivering “strong growth with great underlying momentum, while continuing to make focused investments in new revenue streams”.

Google’s advertising revenue jumped from $19.1bn in the same period a year ago to $22.6bn.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

See Alphabet’s full second quarter results for 2017.

Press Gazette’s Duopoly campaign voices concern over the growing dominance of Google and Facebook in the UK advertising market.

Picture: Reuters/Eric Gaillard/Illustration/File Photo

Topics in this article :

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network