Google's Q2 Revenue and Earnings Beat Expectations, Cloud Revenue Surpasses $10 Billion
Despite strong earnings, Google's stock faced after-hours volatility and eventually turned negative due to concerns about slowing ad revenue and high capital expenditures on AI investments.
Analysts noted that Google's Q2 ad revenue remained stable, and cloud computing revenue was particularly strong, with quarterly operating profit exceeding $1 billion for the first time.
However, YouTube's ad revenue fell short of expectations, facing competition from TikTok.
Capital expenditures on AI investments totaled $13.186 billion, exceeding Q1's $12 billion, raising concerns about margin pressure.
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