Alphabet's second-quarter profit came in at US$3.52 billion compared to US$4.88 billion in the corresponding quarter a year ago. Revenue was US$26.01 billion, which exceeded the forecasts by analysts, according to The Wall Street Journal.
In June, the European Commission announced that it was levying a fine of €2.42 billion (US$2.7 billion) on Google for alleged abuse of its search engine dominance to give its own comparison shopping service an advantage.
Google paid out US$5.1 billion in traffic acquisition costs for the quarter, a rise of 28% compared to the corresponding quarter in the previous year.
Paid clicks, the frequency with which Google users click on ads, rose by 52% year-on-year. But advertisers paid 23% less for each click on an ad.
There may be more EU fines to come, with reports that the EC is contemplating another record fine against the search behemoth over how it pays and limits mobile phone providers who use its Android mobile operating system and Play Store.
A third investigation, into Google's Adsense advertising service, may also bring a fine; the EC is said to have made a preliminary determination that Google has abused its dominant position.
The second-quarter results indicate that the hiccup in March, when several prominent advertisers pulled their ads, after they were reported to be appearing on YouTube videos that contained racist, terrorist and anti-Semitic content, did not affect the flow of money into Alphabet's coffers.
A new stream of revenue for the quarter was from Google's cloud services which grew by 42% to US$3.09 billion. Google has said that revenue from this part of its business could one day exceed what it receives from advertising which comprised 88% of the US$90.27 billion it took in last financial year.