Alphabet (GOOGL) earnings Q3 2023


Sundar Pichai, CEO, Alphabet

Lluis Gene | AFP | Getty Images

Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year. The shares dropped almost 7% in extended trading as the cloud business missed analysts’ estimates.

Here are the results.

  • Earnings per share: $1.55 per share vs. $1.45 per share expected by LSEG, formerly known as Refinitiv
  • Revenue: $76.69 billion vs. $75.97 billion expected by LSEG

The company also reported the following numbers:

  • YouTube advertising revenue: $7.95 billion vs. $7.81 billion expected, according to StreetAccount
  • Google Cloud revenue: $8.41 billion vs. $8.64…

Source cnbc.com

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