Alphabet at the moment introduced Q3 2024 earnings with $88.27 billion in income. These numbers vary from July to September.
Income is up 15% from $77 billion in Q3 2023, with working revenue at $28.52 billion and web revenue of $26.3 billion for this quarter (versus $19.69 billion a yr in the past). For comparability, Alphabet reported $84.7 billion in income and $23.62 billion in web revenue final quarter.
The momentum throughout the corporate is extraordinary. Our dedication to innovation, in addition to our long-term focus and funding in AI, are paying off with shoppers and companions benefiting from our AI instruments.
In Search, our new AI options are increasing what individuals can seek for and the way they seek for it. In Cloud, our AI options are serving to drive deeper product adoption with present prospects, entice new prospects and win bigger offers. And YouTube’s whole adverts and subscription revenues surpassed $50 billion over the previous 4 quarters for the primary time.
We generated sturdy income development within the quarter, and our ongoing efforts to enhance effectivity helped ship improved margins. I’m trying ahead to driving extra advances for shoppers, prospects and creators globally
Sundar Pichai, CEO
In Q3 2024, YouTube advert income was $8.92 billion (versus $7.95 billion a yr in the past), whereas Cloud reported $11.35 billion (in comparison with $8.41 billion).
“Google subscriptions, platforms, and units” (beforehand “Google different”) — which incorporates {hardware}, Play Retailer, and non-advertising YouTube revenues — reported $10.66 billion, in comparison with $8.34 billion the identical quarter final yr. That is the primary quarter that features gross sales of the Pixel 9 collection, Pixel Watch 3, and Pixel Buds Professional 2. In previous years, this quarter wouldn’t embrace any new {hardware} launches.
“Different Bets” continues to lose cash. It reported $388 million in income in comparison with $297 million in Q3 of 2023. It misplaced $1.12 billion in comparison with $1.19 billion in the identical quarter of final yr.
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