Alphabet posts $127.6 billion third-quarter revenue as Cloud jumps 103%
Briefing by News4U · First published
Alphabet reported third-quarter revenue of $127.6 billion, up 25%, while Google Cloud revenue rose 103% to $30.7 billion, The Verge said.
Alphabet reported consolidated third-quarter revenue of $127.6 billion, up 25% year over year, The Verge said. Google Search and other revenue rose 12%, and Google Cloud revenue rose 103% year over year to $30.7 billion. [1]
CEO Sundar Pichai said AI investments are driving Search query growth, including commercial queries, and that year-over-year query growth is the highest in the last five years, The Verge reported. [1]
Alphabet also said it passed 150 million YouTube Music and Premium subscribers globally, including trials, according to The Verge. [1]
Sources
- Google says its investments in AI are driving more searches
The Verge · · Full text