Alphabet shares rise on earnings beats boosted by cloud revenue

Oct 29, 2024 · Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.

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Google Cloud Q3 Revenue Up 35% From A Year Ago, Alphabet …

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Oct 29, 2024 · Alphabet handily topped third-quarter expectations and its Google Cloud saw revenue growth of 35% from a year ago due to generative AI. The company, which includes …

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AI, Cloud Boost Alphabet Profits By 34 Percent - Ars Technica

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Oct 30, 2024 · The standout unit was Google Cloud, where revenue increased 35 percent to $11.4 billion and operating profit increased sevenfold to $1.9 billion from $266 million in the …

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Alphabet Q3 Results Beat Analyst Estimates As Cloud Revenue Soars ...

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Oct 30, 2024 · Google Cloud revenue jumped 35% year-over-year to $11.35 billion from $8.41 billion in the period-year period, above consensus estimates. In a post-earnings note, Jefferies …

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Alphabet Sees 35% Increase In Cloud Revenue In Q3 As Stock Soars

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Oct 31, 2024 · Alphabet’s fastest grower in Q3 was Google Cloud, where revenue surged about 35% to $11.4 billion. The street had predicted $10.9 billion in cloud revenue. Operating income …

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Alphabet's Q3 Earnings: Cloud Growth Fuels Impressive 34% Profit …

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Oct 30, 2024 · Cloud Business Takes Center Stage. Alphabet’s overall revenue grew by 15% year-over-year. Yet, the true star of the show was its Google Cloud segment, which …

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Alphabet Stock Surges As Cloud Business Drives Q3 Earnings Beat

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Oct 30, 2024 · Google’s CEO Sundar Pichai attributed this success largely to the momentum within the company’s cloud division, which posted a remarkable 35% increase in revenue, …

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Alphabet's AI Investments Boost Cloud Sales, Lifts Maturing Ad …

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Oct 29, 2024 · Google parent Alphabet said on Tuesday its AI investments were "paying off" as it reported a 35% surge in its cloud business and U.S. election-related spending lifted YouTube …

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Alphabet's AI Investments Boost Cloud Sales, Lifts Maturing Ad …

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Oct 29, 2024 · Alphabet's digital advertising sales - the biggest chunk of its total revenue - rose 10% to $65.85 billion in the third quarter. But that pace of growth slowed from the second quarter.

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Alphabet Reports Profitable Quarter As Cloud Revenue Rises 35

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Oct 30, 2024 · Alphabet, Google’s parent company, reported a 35% surge in its cloud services and increased revenues in YouTube ads sales in this third quarter, claiming its AI efforts and …

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Alphabet Inc. (GOOG) Beats Q3 Estimates Driven By 35% Growth …

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Alphabet Inc. (NASDAQ:GOOG) announced its third-quarter results on October 29, 2024. The company beat analysts' estimates on the top and bottom lines, driven by strong growth in its …

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Alphabet Gets A Boost As Google Cloud Becomes Profitable

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Apr 26, 2023 · The biggest boost for Alphabet was growth in its Google Cloud division, which saw a profitable quarter for the first time. This division’s revenue reached $7.45bn, up from $5.82bn …

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Will Google Cloud's Robust Performance Aid Alphabet's Q3 …

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Oct 28, 2024 · In the second quarter of 2024, Google Cloud revenues soared 28.8% year over year to $10.35 billion, accounting for 12.2% of the quarter’s total revenues. Alphabet Inc. …

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Alphabet Stock (GOOGL): What To Know Before The Q3 Earnings …

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Oct 21, 2024 · During that quarter, overall revenue jumped by 14% year-over-year.Meanwhile, Google Cloud revenue increased by 28.8% year-over-year to reach $10.35 billion and …

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Alphabet Earnings Beat Expectations As Cloud Segment

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Jul 26, 2023 · Alphabet's second-quarter earnings of $1.44 per share topped the $1.34 analysts predicted, while revenue of $74.6 billion was nearly $2 billion better than expectations.

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Alphabet Sees 35% Increase In Cloud Revenue In Q3 As Stock Soars

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Oct 30, 2024 · Alphabet had a strong third quarter, as its investments in AI are starting to pay off. Big tech week is upon us, and it got off to a pretty good start with Alphabet (NASDAQ:GOOG), …

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Google: Preparing For Earnings With Meta, Apple, And Microsoft ...

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1 day ago · Last quarter, Alphabet revenues reached a record $88.3 billion, up 15.1% Y/Y. Growth was led by Google Cloud, with a 35% increase, followed by Other Bets with 31%, …

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Alphabet Inc. (GOOG) Sees 34% Net Income Growth In Q3 2024, …

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2 days ago · Alphabet Inc. (GOOG) Sees 34% Net Income Growth in Q3 2024, Boosted by Strong Search, Cloud Performance, and AI Innovations Usman Kabir Wed, Jan 29, 2025, 9:57 PM 6 …

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Alphabet Quarterly Cloud Revenues Surpass $10B For First Time

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Jul 24, 2024 · Alphabet, the parent of Google, had solid results in its second quarter, with revenues of US$85 billion, driven by Search, as well as Cloud, which the company said …

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Google's Cloud Bet Is Paying Off - Here's Why More Upside Is Ahead

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3 days ago · Google not only managed to grow cloud segment revenue from $8.41BN in the third quarter of last year to $11.35BN last quarter, or an increase of 34.98%, but Google also …

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Alphabet Shares Close Above $200 For First Time On Split-adjusted …

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Jan 24, 2025 · Investors are growing more bullish on Alphabet as the company speeds up its AI development.

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Big Tech Earnings: Live Updates As The Magnificent 7 ... - MoneyWeek

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4 days ago · Alphabet and Amazon will release earnings next week (4 and 6 February respectively). ... This beat consensus estimates of $2.35. Revenue was broadly as expected …

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Microsoft Reports 10% Quarterly Profit Growth As It Works To Show …

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3 days ago · But while its overall profits and revenue beat Wall Street expectations, it slightly missed projections for its closely-watched cloud computing business, a centerpiece of its AI …

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3 Reasons I Bought Google Before Earnings And So Should You

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1 day ago · At around 15% undervalued, Alphabet offers a route to 20%–35% annual returns over the next five years (3X to 5X return potential). This enviable combination of low risk and high …

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FAQs about Alphabet shares rise on earnings beats boosted by cloud revenue Coupon?

What's going on with alphabet's cloud revenue?

The company reported blowout cloud revenue at $11.35 billion, up nearly 35% from the $8.41 billion a year ago. Alphabet's chief financial officer says the company plans to build on existing cost-cutting efforts around using AI to streamline workflow and manage headcount and the company's physical footprint. ...

How did alphabet's cloud performance compare to last year?

Alphabet's revenue grew 15% year over year, which is stronger than the same quarter last year. The company reported blowout cloud revenue at $11.35 billion, up nearly 35% from the $8.41 billion a year ago. The company attributed its strong cloud results to its artificial intelligence offerings, which include subscriptions for enterprise customers. ...

Why did alphabet top third-quarter revenue expectations?

(Reuters) -Alphabet topped third-quarter revenue expectations on Tuesday, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services. Shares of the company rose more than 3% in extended trading. ...

What's going on with alphabet's ad revenue?

While advertising spending has been strong in some sectors such as retail and travel, industry executives and analysts have noted a pullback in budgets in some areas, affecting Alphabet's major source of revenue. The company recorded ad revenue of $59.65 billion in the third quarter, compared with $54.48 billion a year earlier. ...

Did alphabet Q3 results beat analyst estimates?

Alphabet Q3 results beat analyst estimates as cloud revenue soars; shares jump AMD stock slumps over 9% as fourth-quarter guidance trails analysts' expectations ...

How much money did alphabet make from advertising?

Analysts on average had expected $59.12 billion in revenue from its advertising business. Within the company's advertising segment, YouTube ads reported revenue of $7.95 billion compared with $7.07 billion last year. Alphabet reported a net profit of $19.69 billion for the July-Sept. period, compared with $13.91 billion a year earlier. ...