Alphabet Q3 Earnings: Revenue, EPS Top Estimates, Google Parent Raises CapEx Guidance On 'Strong Momentum' Across The Business

Benzinga

Alphabet posted Q3 revenue of $102.35 billion, topping expectations, with earnings of $2.87 per share. Growth was driven by strong performance in Google Search, YouTube ads, and Cloud services. CEO Sundar Pichai highlighted rapid AI adoption through Gemini, as shares rose over 5% in after-hours trading.

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

00:02Alphabet reported third-quarter revenue of $102.35 billion,

00:06spastic estimates of $99.64 billion, according to Benzinga Pro.

00:10Earnings came in at $2.87 per share, beating expectations of $2.33.

00:15Alphabet's core businesses posted strong year-over-year growth,

00:18led by Google search revenue rising to $56.57 billion,

00:22and YouTube advertising reaching $10.26 billion.

00:25Google Cloud revenue climbed to $15.16 billion,

00:28while total advertising revenue increased to $74.18 billion.

00:32Alphabet ended the quarter with $98.5 billion in cash

00:35and projected 2025 capital expenditures between $91 billion and $93 billion.

00:40CEO Sundar Pichai cited strong AI adoption,

00:44highlighting Gemini's 650 million monthly users

00:46and 7 billion tokens processed per minute.

00:49Shares climbed 5.08% in after-hours trading on Wednesday,

00:52according to Benzinga Pro.

00:54For all things money, visit Benzinga.com.

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