Alphabet: EPS up 37% in Q3

(CercleFinance.com) - On Tuesday evening, Alphabet reported net income of $26.
3bn for Q3 2024, representing EPS up 37% to $2.12, with its operating margin improving 4.5 points to 32%.

The tech giant, parent company of search engine Google and YouTube, posted revenues that rose 15% to nearly $88.3bn (+16% at constant exchange rates), reflecting strong momentum across its businesses.

Google Services revenues grew 13%, driven by the strength of Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads, while Google Cloud revenues climbed 35%.

Our commitment to innovation, as well as our long-term focus and investment in AI, is paying off with our consumers and partners benefiting from our AI tools, CEO Sundar Pichai said.


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