Alphabet's Record-Breaking Quarter
Alphabet reported over $100 billion in revenue for the first time, driven by growth in search, AI, and cloud services.
According to the company's third-quarter earnings report, revenue for Google Services increased 14% year-over-year to $87.1 billion.
- Google Search and other: 15% increase
- YouTube ads: 16% increase
- Google Cloud: 34% increase
Alphabet had a terrific quarter, with double-digit growth across every major part of our business - Sundar Pichai, CEO of Alphabet and Google
Author's summary: Alphabet surpasses $100 billion in revenue.