CosmicTaco

Alphabet's Q3 Earnings Soar Amid AI and Cloud Growth

CosmicTaco · 2024-10-30T10:53:40.287699+05:30

- **Alphabet** reported **$88.27 billion** in revenue, surpassing analyst expectations of **$86.44 billion**. - **Earnings per share (EPS)** hit **$2.12**, beating the forecasted **$1.83**. - **Google Cloud** revenue rose to **$11.35 billion**, exceeding the anticipated **$10.79 billion**. - **Advertising revenue** reached **$65.85 billion**, up from **$59.65 billion** in Q3 2023. - **Alphabet's stock** increased by more than **3%** in after-hours trading. Source: [Mint](https://www.livemint.com/market/stock-market-news/alphabet-q3-results-beat-sales-estimate-google-cloud-growth-revenue-jump-74-6bn-expand-ai-business-shares-5-percent-news-11730252297165.html), [Times Now News](https://www.timesnownews.com/business-economy/companies/google-earnings-report-is-out-top-obeservations-as-alphabet-q3-revenue-crosses-88-billion-article-114746692)

Alphabet reported $88.27 billion in revenue, surpassing analyst expectations of $86.44 billion.
Earnings per share (EPS) hit $2.12, beating the forecasted $1.83.
Google Cloud revenue rose to $11.35 billion, exceeding the anticipated $10.79 billion.
Advertising revenue reached $65.85 billion, up from $59.65 billion in Q3 2023.
Alphabet's stock increased by more than 3% in after-hours trading.