Google reports higher than expected profit
$GOOG (Alphabet) parent company Alphabet Inc. reported third-quarter sales of 88.3 billion, up 15%, on strong Google search and YouTube ad revenue, as well as strong growth at Google Cloud.
Some Q3 FY24 results:
• Revenue +15% Y/Y to 88.3B (2.0B beat).
• Operating margin 32% (+4pp Y/Y).
• EPS 2.12 (0.27 beat).
☁️ Google Cloud:
• Revenue +35% Y/Y to 11.4B.
• Operating margin 17% (+14pp Y/Y).
▶️ YouTube ads +12% to 8.9B.
Alphabet CEO Sundar Pichai said:
“In the cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals.”
However, Alphabet is set to go to trial in an antitrust trial on November 20, which could bring about major changes at the company.
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Fri Dec 05 2025 12:26:05 GMT+0000 (Coordinated Universal Time)
