Google Sales Growth Slows as Pressures Mount on Ad Market

Google parent Alphabet reported the slowest quarterly sales growth in two years, as macroeconomic pressures weigh on the market for digital ads.

Alphabet posted $69.69 billion of second-quarter revenue on Tuesday, up 13% from the same period last year. That marked the slowest rate of growth since the second quarter of 2020, when the pandemic crimped demand for advertising in some areas, including travel.