Technology

Alphabet reports 11% revenue increase as growth returns to double digits


An illuminated Google logo is seen inside an office building in Zurich, Switzerland.

Arnd Wiegmann | Reuters

Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year.

Here are the results.

  • Earnings per share: $1.55 per share vs. $1.45 per share expected by LSEG, formerly known as Refinitiv.
  • Revenue: $76.69 billion vs. $75.97 billion expected by LSEG, formerly known as Refinitiv.

The company also reported the following numbers:

  • YouTube advertising revenue: $7.95 billion vs. $7.81 billion expected, according to StreetAccount
  • Google Cloud revenue: $8.41 billion vs. $8.64 billion, according to StreetAccount
  • Traffic acquisition costs: $12.64 billion vs. $12.63 billion, according to StreetAccount



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