Alphabet Q3 revenue $127.58B, slightly below estimates; Google Cloud tops expectations
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Alphabet, Google's parent company, reported third-quarter revenue of $127.58 billion, slightly below the expected $127.93 billion. Google Cloud revenue reached $30.71 billion, beating expectations of $29.1 billion, while Google advertising revenue came in at $82.01 billion, missing the anticipated $83.57 billion. The results present a mixed picture, with cloud strength offsetting advertising weakness relative to analyst forecasts.
Source report
Alphabet (Google Class A) reported third-quarter revenue of $127.58 billion, versus expectations of $127.93 billion.
Segment Results
- Google Cloud revenue: $30.71 billion (expected: $29.1 billion)
- Google Advertising revenue: $82.01 billion (expected: $83.57 billion)
Source
domesticNeutral / independent
Part of this Story
Alphabet Q3 revenue misses estimates as ad weakness offsets Google Cloud growth