Alphabet's (NASDAQ:GOOGL) third-quarter results exceeded analysts' estimates with increased ad revenue. Alphabet reported its third-quarter results on Tuesday, showing that the search giant's advertising revenue surpassed Wall Street estimates, alleviating concerns about competitive threats from AI search products. Alphabet Class A shares (NASDAQ:GOOGL) rose more than 6% in after-hours trading following the report. The company reported earnings of $2.12 per share on revenue of $88.27 billion, compared to expectations of $1.84 per share on revenue of $86.37 billion.
Advertising revenue in the third quarter increased from $59.65 billion in the same period last year to $65.85 billion, and YouTube advertising revenue increased from $8.95 billion to $8.92 billion. Google Cloud revenue increased from $8.41 billion in the same period last year to $11.35 billion.
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Advertising revenue in the third quarter increased from $59.65 billion in the same period last year to $65.85 billion, and YouTube advertising revenue increased from $8.95 billion to $8.92 billion. Google Cloud revenue increased from $8.41 billion in the same period last year to $11.35 billion.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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