Google blasted through the coronavirus pandemic with gangbuster earnings, just a week after U.S. prosecutors sued the company for operating a purported illegal monopoly in its flagship search business.
Alphabet Inc. reported a third-quarter profit of $11.2 billion, well outstripping analyst estimates. As importantly, digital advertising revenue of $37.1 billion was up compared with last year, marking a turnaround from a quarter earlier, when the company recorded the first drop in the category in company history.
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