What investors need to know about Google's results

Alphabet's (Google's parent company) profit in the second quarter exceeded $18.52 billion, which turned out to be better than forecasts: revenues were positively affected by the recovery of the tourist flow. Stocks continue to rise despite antitrust cases in the US and Europe

American tech giant Alphabet (GOOGL, market capitalization $1.8 trillion, $2,638 per Class A share at the close of trading on July 27) has released a report for the second quarter. In the second quarter, the company earned more than $18.52 billion, having increased advertising revenue by one and a half times in a year.

The corporation's financial results exceeded analysts' forecasts in all key indicators. The company's shares were up 3% post-market.

Alphabet's Q2 2021 earnings highlight: Net income nearly tripled year-over-year to $18.525 billion. Diluted earnings per share hit $27.26; Free cash flow was $16.39 billion, $3 billion more than in the first quarter; The company's revenue for the second quarter - $ 61.88 billion, for the year the figure increased by 62%. $50.44 billion of that revenue came from advertising; YouTube has become a big part of advertising revenue. The video platform's year-over-year revenue grew 84% to $7 billion, almost on par with Netflix's quarterly revenue of $7.34 billion; Cash positionAlphabet has decreased by almost $3 billion since the beginning of the year, to $23.63 billion. In addition, the company has $112.23 billion in traded securities. Total debt, including long-term debt, has almost not grown since the beginning of the year and amounted to $97.82 billion