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Alphabet Q3 revenue up 6%, Google cloud best performer, YouTube worst


Alphabet reported its third quarter results with a revenue of US$ 69.1 billion, a 6% jump compared to the same period last year. However, the net income is down to US$ 13.91 billion as against US$ 18.93 billion last year.

YouTube ads (-2%) and Google Network (-1.6%) were the worst performers with downward trend, among all the Google Services. while Google Cloud saw a great momentum with 37.64% increment, this quarter.  

Sundar Pichai, CEO of Alphabet and Google, said: “Product announcements we’ve made in just the past month alone have shown that very clearly, including significant improvements to both Search and Cloud, powered by AI, and new ways to monetize YouTube Shorts.”

  • Diluted earning per share: US$ 1.06 against US$ 1.40 last year
  • Revenue: US$ 69.1 billion against US$ 65.12 billion last year
  • Net income: US$ 13.91 billion against US$ 18.94 billion last year
  • YouTube ads: US$ 7.07 billion against US$ 7.2 billion last year
  • Google Cloud: US$ 6.9 billion against US$ 5 billion last year
  • Traffic Acquisition Costs (TAC): US$ 11.83 billion against US$ 11.5 billion last year
Ruth Porat, CFO of Alphabet and Google, said, "Financial results for the third quarter reflect healthy fundamental growth in Search and momentum in Cloud, while affected by foreign exchange."


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