Alphabet's third-quarter revenue exceeded $65.1 billion! A 14-year high!

It is learned that on October 26, Google's parent company Alphabet announced its third-quarter financial report, which exceeded expectations. After the financial report was released, the company's stock did not change much. The following is a summary of the financial report:

• Revenue increased 41% year-on-year to $65.12 billion, a 14-year high and exceeding expectations of $63.34 billion.

• Earnings per share were $27.99, beating estimates of $23.48.

• YouTube's advertising revenue increased 43% year-on-year to $7.2 billion, lower than the expected $7.4 billion.

• Google Cloud revenue was $4.99 billion, below the expected $5.07 billion.

• Google's advertising revenue increased 43% year-over-year to $53.13 billion, up from $37.1 billion in the same period last year and slightly higher than the previous quarter.

It is learned that Snap's financial performance in the third quarter was lower than expected due to the impact of Apple's privacy policy. When analysts asked whether Apple's data privacy policy changes affected Google's own advertising business, Alphabet Chief Financial Officer Ruth Porat said they had little impact on YouTube's revenue.

Editor ✎ Estella/

Statement: This article is copyrighted and may not be reproduced without permission.