Alphabet exceeded revenue and earnings expectations in Q3, showing strong growth across various sectors.

From CNBC: 2024-10-29 20:48:39

Alphabet shares soared in after-hours trading after beating revenue and earnings expectations. Total revenue for Q3 was $88.27 billion, up 15%, and adjusted EPS was $2.12, up 37%. Jim Cramer called it an “unambiguously great quarter” due to AI integration driving engagement. Google Search and YouTube ad revenues surpassed $65 billion. Google Cloud revenue increased by 35%. Other Bets revenue rose by 30.6%. Waymo reached over 150,000 paying customers. YouTube surpassed $50 billion in revenue. Google Cloud showed accelerated growth. Cost per query in data centers decreased by over 90% in 18 months. AI Overviews in Search now reach over 1 billion users monthly. Alphabet returned $15.79 billion to investors via share repurchases in Q3.



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