This marked an year over year increase of around 22 percent. Certain advertisers have curtailed their spending until they are convinced Google can prevent their brands from appearing next to extremist clips promoting hate and violence.
While Wall Street was expecting earnings of $7.40 per share on revenue of $24.2 billion, Alphabet posted earnings of $7.73 per share on revenue of $24.8 billion, a 22 percent jump from the same period a year ago.
Despite recent concerns being expressed by advertisers about Youtube's ability to filter extremist content, revenue from advertising grew to $21.4bn, an increase from $18bn previous year. Shares of the company climb 2.8 percent to $916.80 after the bell on Thursday.
Although it is the parent company to a number of Google enterprises, the actual Google business for Alphabet remains its largest and greatest revenue generator.
With the traditional business of search advertising maturing, the company is looking to YouTube as its next driver of growth. It reported net income of $5.4 billion - or $7.73 per share - up from $4.2 billion, or $6.02 per share, from the year-ago period. And the company's Other Bets division - which includes things like Google Fiber and Nest smart thermostats - saw revenue jump 48% to $244 million.
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In response to criticism from both users and advertising customers, Google will be altering its YouTube advertising policies to give advertisers more control over where their ads are placed.
During his call with Wall Street analysts, CEO of Alphabet Sundar Pichai said that the company's excellent properties such as Search, Maps, Google Play and YouTube are made for today's mobile world, where people are actively interested and engaged.
Google's "other revenues", a category that includes hardware and cloud services, hit almost United States dollars 3.1 billion in the most recent quarter, a gain of about 50 per cent from the same quarter a year earlier.
Google's revenue for the quarter has gone up by 22.2 percent to reach $24.75 billion. However, Google's loss for these ambitious projects ticked up slightly to $855 million.