Revenue Growth - Consolidated Alphabet revenues in Q3 2024 increased 15% year over year to 88.3billion,witha1688.268 billion, up 15.1% from 76.693billioninQ32023[18]−TotalconstantcurrencyrevenuesforQ32024increasedto88.1 billion, up 3.5billionfromQ22024[29]−Totalrevenuesexcludinghedgingeffectroseto88.251 billion in Q3 2024, a 15% increase from Q3 2023[28] - Constant currency revenues for Q3 2024 increased by 16% compared to Q3 2023[28] - Revenues excluding hedging effect in Q3 2023 were 76.694billion,a1276.693 billion, an 11% increase from Q3 2022[31] Google Services Revenue - Google Services revenues increased 13% to 76.5 billion, driven by Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads[1] - Google Services revenue grew to 76.510 billion in Q3 2024, up 12.5% from 67.986 billion in Q3 2023[21] - Google Search & other revenues increased to 49.385 billion in Q3 2024, up from 44.026billioninQ32023[5]−Googlesubscriptions,platforms,anddevicesrevenuesincreasedto10.656 billion in Q3 2024, up from 8.339billioninQ32023[5]GoogleCloudRevenue−GoogleCloudrevenuesincreased3511.4 billion, led by growth in Google Cloud Platform (GCP) across AI Infrastructure, Generative AI Solutions, and core GCP products[1] - Google Cloud revenue surged to 11.353billioninQ32024,a35.08.411 billion in Q3 2023[21] - Google Cloud operating income increased to 1.947billioninQ32024,upfrom266 million in Q3 2023[7] - Operating income from Google Cloud reached 1.947billioninQ32024,asignificantrisefrom266 million in Q3 2023[21] Profitability - Total operating income increased 34% and operating margin expanded by 4.5 percentage points to 32%[1] - Net income increased 34% and EPS increased 37% to 2.12[1]−NetincomeforQ32024roseto26.301 billion, a 33.6% increase from 19.689billioninQ32023[18]−IncomefromoperationsforQ32024increasedto28.521 billion, a 33.6% rise from 21.343billioninQ32023[18]CashFlowandDividends−NetcashprovidedbyoperatingactivitiesforQ32024was30.698 billion, slightly up from 30.656billioninQ32023[19]−FreecashflowforQ32024stoodat17.637 billion, calculated as net cash from operating activities minus capital expenditures[25] - Dividend payments to stockholders totaled 2.5billionforthethreemonthsendedSeptember30,2024[8]OtherIncomeandExpenses−Otherincome(expense),netforQ32024was3.185 billion, driven by a 1.821billiongainonequitysecurities[23]−TotalcostsandexpensesforQ32024amountedto59.747 billion, up 7.9% from 55.350billioninQ32023[18]RegionalRevenue−UnitedStatesrevenuesgrewto43.139 billion in Q3 2024, a 19% increase from Q3 2023[28] - EMEA revenues reached 25.472billioninQ32024,a1214.547 billion in Q3 2024, an 11% rise from Q3 2023[28] - Other Americas revenues grew to 5.093billioninQ32024,a1250 billion over the past four quarters for the first time[1]
Alphabet(GOOGL)2024-10-29 20:01