Q2 2024 Earnings — Results of Operations, Other Events

Revenue hit $84.7 billion, up 14% year-over-year, with Google Cloud crossing the $10 billion quarterly milestone for the first time and tripling its operating profit to $1.17 billion. Operating margins expanded to 32% (up from 29%) as the company leans hard into AI infrastructure investments while simultaneously cutting costs — a combination that signals Alphabet is scaling its AI bet without sacrificing profitability.