Google’s Earnings Surpass Previous Year’s

In the last three months, Alphabet earned $76.6 billion, which is 11% more than what they made in the same time last year. They also made a profit of $19.7 billion, or $1.55 per share, which is 46% higher than last year.

Most of their money comes from Google Search, and they earned $44 billion from it this time, a 10% increase from last year. YouTube advertising also did well, bringing in $8 billion, up 13% from last year.

Google Cloud is another part of their business, and it made $8.4 billion this time, which is a big 40% more than last year. It’s the third biggest cloud service, after Amazon and Microsoft.

Alphabet’s Chief Financial Officer, Ruth Porat, mentioned that our business remained strong in the third quarter with $77 billion in revenue, which is 11% higher than last year.

This growth was mainly due to increased usage of Google Search and YouTube, and the ongoing success of our Cloud services. We are committed to using our capital wisely to ensure long-term financial value.

Alphabet’s CEO, Sundar Pichai, highlighted our product momentum this quarter, which includes events like Cloud Next, Made on YouTube, and Made by Google. These initiatives are all part of our dedication to making AI more helpful for everyone.

Key Numbers from Alphabet’s Q3 Earnings Report:

• Total Revenue: $76.6 billion, up 11% compared to last year
• Net Income: $19.7 billion, which is $1.55 per share, marking a 46% increase from last year
• Google Search Revenue: $44 billion, a 10% increase from last year
• YouTube Advertising Revenue: $8 billion, a 13% increase from last year
• Google Cloud Revenue: $8.4 billion, experiencing a substantial 40% increase from last year.