Alphabet Q3 2024 earnings show its focus on AI is paying off


What you need to know

  • Alphabet, Google’s parent company, announced its Q3 2024 financial earnings.
  • Google Cloud revenues saw strong growth as the company shifts its focus to AI.
  • Google’s subscriptions, platforms, and devices segment also saw a notable increase, likely driven by increased Pixel sales and AI subscriptions.
  • CEO Sundar Pichai teased experiences like Project Astra shipping in 2025.

Google’s parent company Alphabet reported its Q3 earnings on Tuesday, announcing a 15% increase in revenue to $88.2 billion compared to the same period last year.

Search unsurprisingly accounted for the largest portion of Google’s revenue at just under $50 billion. However, Google Cloud managed a sizeable 35% revenue gain, increasing to $11.4 billion during the quarter despite heavier losses in the segment.


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