Alphabet reports a 15% increase in Q3 2024 revenue to $88.3bn, with Google Cloud revenue up 35% to $11.4bn.

Alphabet, Google's parent company, reported a 15% increase in Q3 2024 revenue to $88.3 billion, with net income rising 34% to $26.3 billion. Google Cloud revenue surged 35% to $11.4 billion, aided by AI adoption. The core Google Services segment, including Search and YouTube, grew 13% to $76.5 billion, while YouTube's combined ad and subscription revenue surpassed $50 billion. Despite strong results, Alphabet faces ongoing legal challenges related to antitrust issues.

October 29, 2024
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