Alphabet tops $100 billion quarterly revenue for first time

Core Insights - Alphabet reported a gap EPS of 287, impacted by a one-time charge of 3.5 billion from the European Commission related to competition in the adtech market [1] - Total revenue reached 102.35 billion, exceeding the expected 99.89 billion [2] - Cloud revenue for Q3 was 15.16 billion, surpassing the anticipated 14.74 billion, indicating strong demand driven by AI [2][3] Revenue Performance - The total revenue beat expectations significantly, showcasing Alphabet's strong financial performance [3] - Cloud revenue growth is particularly noteworthy, reflecting ongoing enterprise migration to cloud services, with only 15% of workloads currently on the cloud [4] Market Reaction - Shares of Alphabet increased by over 5.5% in after-hours trading following the earnings report [1][2] - The positive reaction is attributed to strong revenue numbers, especially in the cloud segment, despite the one-time charge affecting EPS [5]