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{"id":10941,"date":"2022-07-27T14:40:15","date_gmt":"2022-07-27T14:40:15","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/27\/google-parent-alphabets-profit-slips-again-after-ceo-warns-of-economic-headwinds\/"},"modified":"2022-07-27T14:40:16","modified_gmt":"2022-07-27T14:40:16","slug":"google-parent-alphabets-profit-slips-again-after-ceo-warns-of-economic-headwinds","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/27\/google-parent-alphabets-profit-slips-again-after-ceo-warns-of-economic-headwinds\/","title":{"rendered":"Google parent Alphabet\u2019s profit slips again after CEO warns of \u2018economic headwinds\u2019"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/26\/23279615\/google-earnings-profit-alphabet-expenses-hiring<\/a>
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Profits are down at Google parent company Alphabet for the second quarter in a row, even as it brings in more money. Alphabet brought in around $16 billion in profit during its second quarter of 2022, down from $18.5 billion during the same period last year, the company reported in its Q2 2022 earnings report<\/a> this afternoon.<\/p>\n

As with last quarter, it seems like rising expenses have played a part; the company actually brought in more revenue than it did in Q2 2021. This quarter, its revenues were almost $69.7 billion, up from last year\u2019s $61.9 billion. However, compared to this time in 2021, Google\u2019s spending around $3 billion more on both research and development and sales and marketing. <\/p>\n

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