00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Alphabet reported adjusted earnings of $5.11 per share on $109.9 billion in revenue,
00:10surpassing analyst estimates of $2.62 per share and $106.93 billion, according to Benzinga.
00:18Revenue rose from $90.23 billion a year earlier.
00:22Google Services revenue increased 16% to $89.6 billion,
00:27while Google Cloud Revenue grew 63% to $20 billion.
00:31Operating income rose 30%, and operating margin expanded to 36.1%.
00:37The company raised its quarterly dividend by 5% to $0.22.
00:42CEO Sundar Pichai said the company delivered its strongest consumer AI quarter,
00:47driven by the Gemini app, with paid subscriptions reaching $350 million,
00:52led by YouTube and Google One.
00:54He added that Gemini Enterprise paid users grew 40% quarter-over-quarter,
00:59and Waymo surpassed 500,000 weekly autonomous rides.
01:04Shares were up by 7.19% at $372.50 in Thursday's pre-market trading,
01:11ish according to data from Benzinga Pro.
01:13For all things money, visit Benzinga.com.
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