""Alphabet had a terrific quarter, with double-digit growth across every major part of our business," said CEO Sundar Pichai in a statement."
"The company's ambitious approach to offering AI "is delivering strong momentum and we're shipping at speed," Pichai said, highlighting the global rollout of AI features in Google Search and the company's Gemini AI models."
Alphabet reported $102.3 billion in third-quarter revenue, a 16% year-on-year increase, reaching its first-ever $100 billion quarter. Net income rose 33% to $35 billion. Core search and advertising generated $56.6 billion, up from $49.4 billion, while YouTube advertising revenue grew to $10.3 billion from $8.9 billion. Google Cloud revenues climbed 34% to $15.2 billion, strengthening its role as a key growth engine against competitors like AWS and Azure. The company reported over 650 million monthly active users for the Gemini App and increasing use of an AI Mode for search queries amid a global AI feature rollout.
Read at US AFPNews
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