Lates News

Google's parent company Alphabet reported a revenue of $102.35 billion in the third quarter, while analysts had expected $99.85 billion. Excluding traffic acquisition costs, the third quarter revenue was $87.47 billion, compared to analysts' expectation of $85.11 billion. Google Cloud revenue in the third quarter was $15.16 billion, exceeding analysts' expectation of $14.75 billion. Google Services revenue in the third quarter was $87.05 billion, surpassing analysts' expectation of $84.67 billion. Google's Search and Other revenue in the third quarter was $56.57 billion, higher than the analysts' expectation of $54.99 billion. YouTube advertising revenue in the third quarter was $10.26 billion, exceeding analysts' expectation of $10.03 billion. Google's advertising revenue in the third quarter was $74.18 billion, surpassing analysts' expectation of $72.46 billion. At the end of the third quarter, Google Cloud had an order backlog of $155 billion. Several major businesses achieved double-digit percentage growth. The Gemini app has over 650 million monthly active users. The company expects capital expenditures for the full year to be between $91 billion and $93 billion, while analysts had forecasted $84.04 billion, and the company had originally estimated around $85 billion. The operating profit in the third quarter was $31.23 billion, slightly below analysts' expectation of $32.11 billion. Capital expenditures in the third quarter were $23.95 billion, compared to analysts' expectation of $22.38 billion. Shares of Google's Class A stock rose by 7.7% after hours.