Google recorded a 13 per cent increase in revenue to nearly $70 billion in the second quarter of the year, but growth was down by nearly 50 per cent compared to the same period of last year.

Last year the tech giant’s revenue grew by 62 per cent to around $62 billion for the quarter ended 30 June.

Google Search brought in over $40 billion in the second quarter of 2022, compared to around $36 billion last year.

YouTube ads made up $7.3 billion in revenue, an increase from $7 billion in 2021.

Google Cloud also saw a boost to income from $4.6 billion last year to $6.2 billion this year.

“In the second quarter our performance was driven by Search and Cloud,” said Sundar Pichai, chief executive of Alphabet and Google. “The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes.

“As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term.”

Image credit source: Google

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