Alphabet posts a stellar quarterly report.
Investors apparently had been fretting over Google’s substantial expenses incurred in paying to phone-makers to get its apps installed on their devices. But thanks to its parent company’s Q2 report card, investors might want to relax a bit. Growth rate in Google’s payments to partners tempered in Q2. On top of that, Google’s net revenue surged 25.4% in Q2 2018 compared to the year-ago period, marking its fastest growth in four years.
Plus, Alphabet’s operating profit margin peaked at 24 percent – its highest since the Q3 2017 (excluding a $5 billion fine from European antitrust authorities).