Alphabet is reporting strong Q3 2024 results, with revenue up 15% year-over-year, reaching $88.27 billion. YouTube ad revenue alone rose nearly $1 billion to $8.92 billion, contributing to over $50 billion in total revenue for YouTube over the past year. Alphabet’s subscription and device group also grew by $2.31 billion, totaling $10.66 billion this quarter, with high demand noted for the new Pixel 9 devices.
Cloud services saw a significant 35% increase, generating $11.35 billion, though Search remains the top earner at $49.39 billion. Alphabet’s “Other Bets,” including Waymo, brought in $388 million. While AI investments lack specific financial figures, Alphabet highlights AI’s integral role, revealing that 25% of Google’s code is now initially generated by AI.
Read more – https://www.androidauthority.com/alphabet-q3-2024-revenue-3495216/
