Google Parent Alphabet Exceeds Q3 Targets, Boosted By Cloud, AI Offerings

Benzinga

Google's parent company Alphabet reported third-quarter earnings that exceeded analyst expectations. Alphabet's cloud unit was a major growth driver, with revenues soaring nearly 35% year-over-year. CEO Sundar Pichai highlighted that Google’s expansive AI products are now fully scaled, serving billions of users and generating continual growth. Google’s search business remains the company's primary revenue source. Shares rose 6% in after-hours trading on Tuesday.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Google's parent company, Alphabet, reported third-quarter earnings that exceeded analysts'

00:06expectations.

00:07Alphabet's cloud unit was a major growth driver, with revenues soaring nearly 35% year-over-year.

00:14CEO Sundar Pichai highlighted that Google's expansive AI products are now fully scaled,

00:19serving billions of users and generating continual growth.

00:22Google's search business remains the company's primary revenue source.

00:26Shares rose 6% in after-hours trading on Tuesday.

00:29For all things money, visit Benzinga.com slash GSTV.

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