Lates News

Google's parent company Alphabet reported a revenue of $102.35 billion in the third quarter, exceeding analyst expectations of $99.85 billion. Excluding traffic acquisition costs, the revenue was $87.47 billion, surpassing the analyst estimate of $85.11 billion. Google Cloud revenue in the third quarter was $15.16 billion, higher than the analyst expectation of $14.75 billion. Google Services revenue in the third quarter reached $87.05 billion, beating the analyst estimate of $84.67 billion. Revenue from Google Search and other sources in the third quarter was $56.57 billion, exceeding the analyst expectation of $54.99 billion. YouTube ad revenue in the third quarter was $10.26 billion, higher than the analyst estimate of $10.03 billion. Google's advertising revenue in the third quarter was $74.18 billion, surpassing the analyst estimate of $72.46 billion. After hours, Alphabet's stock rose by 7.7%.