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Google parent Alphabet posts revenues of $65bn as ads move online

Profits of $1bn on top of largest revenue figure in 14 yearsThird-quarter earnings beat analysts’ expectationsGoogle parent Alphabet continued big tech’s profitable march through earnings season, reporting third-quarter results that exceeded Wall Street’s expectations and a near doubling in profits as advertisers chased the consumer shift to online.Alphabet’s revenue rose 41% to $65.12bn over the last three months, its largest revenue figure in 14 years. It posted a profit of over $21bn, nearly three times the figure it reported before the pandemic. Continue reading...

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