(Reuters) – Google parent Alphabet Inc beat analysts’ estimates for quarterly revenue on Tuesday, powered by a surge in advertising spending amid more consumers shopping online.
Revenue of the internet’s biggest supplier of search and video ads rose to $61.88 billion in the second quarter from $38.30 billion a year earlier, well above Wall Street estimates of $56.16 billion, according to IBES data from Refinitiv.
(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)
