Google Q2 2021 Earnings

Numbers

• Revenue: $61.88B (up 61% YOY, would be 35% assuming Q4 2019 revenue in Q2 2020)
• Operating Income: $19.3B (up from 6.3B YoY) 
• Net Income - 18.5B (up from 6.9B YoY)  

Segment Breakdown

• Google search 35B vs 21.3B in Q2, 2020 (up 64%)
• Google Cloud revenue: $4.6 billion vs. 3.0B in Q1 2020 (up 53%)
• YouTube ads: $7 billion vs. 3.8B in Q2 2020 (up 84%)
• Traffic Acquisition Costs (TAC): $10.9 billion  vs. $6.6B in Q2, 2020
• Google Network 7.5B (4.7B in Q2 2020) up (59%)
• Google Other(hardware, playstore, non-advertising youtube revenues) 6.6B  (5.1B in Q2, 2020) (up 30%)

Operating Income breakdown

• Google Service - 22.3B
• Cloud lost 500M in Q1. Prediction is that in 2021 Cloud will be cash flow positive
• Other bets lost .9B
• Google ends the quarter with 135B in cash

Highlights and Opinions from earnings call

•