Alphabet beats third quarter revenue estimates on cloud demand and advertising

Core Insights - Alphabet, Google's parent company, exceeded Wall Street revenue estimates for the third quarter, driven by growth in both its advertising and cloud computing segments [1] Group 1: Financial Performance - The company reported strong revenue growth in its core advertising business, indicating robust demand and effective monetization strategies [1] - The cloud computing unit also demonstrated steady growth, contributing positively to the overall revenue performance [1]