Alphabet a parent company of Google reported that advertising revenues for third quarter are $33.9 billion. It showcased 17% increase compare to last year. Although the company officially reported revenues of $40.5 billion on Monday. It has shocked analysts because they were expected revenues below $40.3 billion.
According to Google CEO Sundar Pichai this type of revenue growth emerged due to mobile search, YouTube and Cloud. It means the rapid growth of mobile search and YouTube users are making Google more strong in the internet world.
You can see the Ad revenue trends to understand it completely. It increased to 19% with the number of $28.6 billion compare to last year revenue that was only $24.1 billion.
Google ad revenue is not as impressive as it should be. Google previous quarter showcased revenue of $5.3 billion. Last year Google made $4.9 billion. According to CFO Ruth Porat the main growth drivers and big players are Google Ad Manager and AdMob.
