""Our full stack approach to AI is delivering strong momentum and we're shipping at speed, including the global rollout of AI Overviews and AI Mode in Search in record time. In addition to topping leaderboards, our first party models, like Gemini, now process seven billion tokens per minute, via direct API use by our customers," said Sundar Pichai, CEO of Alphabet."
"Q3 Highlights: Google parent Alphabet posted third-quarter revenue of $102.35 billion, beating analyst estimates of $99.64 billion, according to Benzinga Pro. The company reported third-quarter earnings of $2.87 per share, beating estimates of $2.33 per share. Total revenue was up 16% on a year-over-year basis, driven by double-digit growth across all segments. Here's a breakdown of revenue by category. Google Search: $56.57 billion, up from $49.39 billion year-over-year YouTube Advertising: $10.26 billion, up from $8.92 billion year-over-year"
"Alphabet ended the quarter with approximately $98.5 billion in cash, cash equivalents and marketable securities. The Google parent company said it now expects approximately $91 billion to $93 billion in capital expenditures in 2025 due to growth across the business and demand from Cloud customers. Alphabet said the Gemini app now has over 650 million monthly active users. The company also noted it has a backlog of $155 billion for Google Cloud."
Alphabet posted third-quarter revenue of $102.35 billion and GAAP earnings of $2.87 per share, beating analyst estimates. Total revenue rose 16% year-over-year with double-digit growth across all segments. Google Search revenue was $56.57 billion, YouTube advertising $10.26 billion, Google Cloud $15.16 billion, and Google advertising totaled $74.18 billion. Alphabet held about $98.5 billion in cash, cash equivalents and marketable securities. The company now expects roughly $91–$93 billion in capital expenditures for 2025 due to business growth and Cloud demand. The Gemini app has over 650 million monthly active users and Google Cloud backlog stands at $155 billion. Shares gained 5.08% after hours.
Read at Benzinga
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