The digital ad sector has been struck by ad budget curbs put into place by companies amid rising inflation and interest rates
SVP and CFO Ruth Porat noted that the company's revenue performance in the quarter was rooted in advertiser spend, elevated consumer online activity and Google Cloud
The company's net income almost trebled to $17.9 billion from $6.8 billion
Operating income stood at $15.65 billion and net income at $15.2 billion for this quarter
YouTube ad revenue stands at $3.8 billion, total revenue at $38.3 billion
Revenue which stood at $41.2 billion was driven by Google Search, YouTube, and Cloud