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Google Reassures Wall Street With Ad Business Showing Resilience

  • Google search ads weather storm hitting social media ads
  • CFO Porat sees ‘broad-based strength in advertiser spend’
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Google Parent Alphabet Meets Estimates on Ad Demand
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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 $57.5 billion in the quarter, the company said Tuesday in a statement. Analysts had projected $58 billion, according to data compiled by Bloomberg. Shares rose about 5% in extended trading.