By George Stahl

 

Google parent Alphabet Inc. reported a rise in advertising revenue in the third quarter, reversing the decline that it reported in July.

Advertising revenue at Alphabet rose to $37.095 billion from $33.796 billion from a year earlier. In July, Google reported its first-ever year-over-year decline in the metric, which includes ads on Google's own properties as well as those placed on other websites.

The return to growth comes as other online entities, such as Snap and Pinterest, talked about advertisers looking to reach people spending more time online and on mobile devices as a result of the coronavirus pandemic.

Alphabet shares are up 6% in after-hours trading.

 

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

 
 

(END) Dow Jones Newswires

October 29, 2020 16:41 ET (20:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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