Business

Google parent Alphabet returns to sales growth

FILE PHOTO: A Google sign is pictured on a Google building in the Manhattan borough of New York City, New York, U.S., October 20, 2020. REUTERS/Carlo Allegri/File Photo

(Reuters) – Google parent Alphabet Inc GOOGL.O returned to sales growth in the third quarter as businesses initially hobbled by the COVID-19 pandemic resumed advertising with the internet’s biggest supplier of search and video ads, it said on Thursday.

Revenue rose to $46.17 billion from $40.5 billion a year earlier.

Analysts on average had expected revenue of $42.9 billion, according to IBES data from Refinitiv.

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