Alphabet Reports Strong Third Quarter Financial Results Exceeding Expectations

According to Odaily, Alphabet, the parent company of Google, has reported its financial results for the third quarter, showcasing impressive performance across various segments. The company's revenue for the third quarter reached $88.27 billion, surpassing analysts' expectations of $86.45 billion. Earnings per share stood at $2.12, exceeding the anticipated $1.84 per share. Google Cloud's revenue for the third quarter was reported at $11.35 billion, higher than the expected $10.79 billion. Additionally, Google’s advertising revenue amounted to $65.85 billion, slightly above the forecasted $65.5 billion. YouTube's advertising revenue also exceeded expectations, coming in at $8.92 billion compared to the projected $8.89 billion. Other business revenues for Alphabet in the third quarter were $388 million, surpassing the anticipated $377.9 million. The company's operating profit for the quarter was $28.52 billion, significantly higher than the expected $26.67 billion. Revenue excluding traffic acquisition costs was reported at $74.55 billion, above the forecasted $72.88 billion.