Alphabet’s digital advertising and cloud revenue rises

Revenue from Google ads, YouTube ads and Google Cloud all beat forecasts. Alphabet’s net profit of $18.4bn was well ahead of the $16.9bn expected by Wall Street.

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Alphabet’s Digital Advertising And Cloud Revenue Rises

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Revenue from Google ads, YouTube ads and Google Cloud all beat forecasts. Alphabet’s net profit of $18.4bn was well ahead of the $16.9bn expected by Wall Street.

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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 - RTÉ

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Oct 30, 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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Google Parent Alphabet Revenue Jumps 15% On AI Investments

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Oct 29, 2024 · Google parent 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 …

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Alphabet's Revenue Soars: A Digital Advertising Triumph

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Oct 29, 2024 · Alphabet surpasses third-quarter revenue expectations, driven by steady digital advertising growth and increased demand for cloud services. The company's shares rose 3% …

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Alphabet Reports Profitable Quarter As Cloud Revenue Rises 35

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Oct 30, 2024 · According to Reuters, the tech giant’s shares rose 6% on Tuesday, surpassing both earnings and revenue expectations. The cloud business grew to $11.35 billion while …

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Alphabet's Revenue Boom: AI And Ads Propel Growth - Devdiscourse

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Oct 29, 2024 · Alphabet reported a 15% increase in revenue for the third quarter, exceeding expectations. The growth was driven by its digital advertising and increased demand for cloud …

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Alphabet's AI-Driven Revenue Surge: A Cloudy Success

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Oct 29, 2024 · Alphabet, the parent company of Google, exceeded third-quarter revenue expectations, thanks to a robust 35% rise in its cloud business and increased digital …

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

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2 days ago · We recently compiled a list of the Goldman Sachs’ 35 AI Superstars. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against the other …

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Alphabet Positions Itself For Long-term Growth Amid Market …

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Jan 4, 2025 · As we kick off 2025, Alphabet Inc. showcases impressive growth in its core businesses, with a notable 35% surge in cloud revenue driven by AI innovations. Can this tech …

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Alphabet's Revenue Soars: AI And Digital Ad Surge - Devdiscourse

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Oct 29, 2024 · Alphabet, the parent company of Google, surpassed third-quarter revenue projections, fueled by a 10% increase in digital advertising and a surge in AI-driven demand …

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FAQs about Alphabet’s digital advertising and cloud revenue rises Coupon?

How much revenue does alphabet make from cloud computing?

Revenue from cloud computing services, a widely watched barometer for the health of enterprise technology spending, rose 28.8% to $10.35 billion. Analysts had expected $10.16 billion. Advertising sales, Alphabet’s chief revenue source, rose 11% to $64.6 billion. CEO Sundar Pichai, above. ...

How did alphabet make a profit?

Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. (Photo by Lionel BONAVENTURE / AFP) (Photo by LIONEL BONAVENTURE/AFP via Getty Images) Photo by LIONEL BONAVENTURE/AFP via Getty Images files ...

Why did alphabet's ad revenue increase in the first quarter?

Finance chief Ruth Porat, who Alphabet announced would be stepping into a new role as president and chief investment officer, attributed margin growth to accelerating Search ad revenue, adding that the “vast majority” of costs related to cutting the workforce by 12,000 were taken in the first quarter. ...

How has alphabet impacted its business?

Alphabet’s results underscore robust demand for digital ads, driven by events like the Paris Olympics and elections in several countries including the US, while a recovery in enterprise spending is boosting its software business. Strong adoption of generative artificial intelligence technology drove its cloud business. ...

How did alphabet's cloud performance compare to analyst expectations?

Despite the more muted cloud performance, Alphabet ’s overall revenue surpassed analyst expectations, rising 11 per cent to $76.7bn. Earnings per share also beat forecasts, jumping 46 per cent to $1.55, with post-tax income rising 42 per cent to $19.7bn. ...

Why did alphabet stock fall in premarket trading?

Alphabet Inc. shares fell in premarket trading after the Google parent sunk more resources into its drive to outmatch rivals in artificial intelligence, fuelling spending higher than analysts expected. Capital spending rose to US$13.2 billion in the second quarter, supporting Google’s AI programs and computing power needs, the company said Tuesday. ...