Alphabet Google Ad Revenue Up 10%; Biggest Ad Revenue Quarter – Search Engine Roundtable
Google / Alphabet reported its Q3 2024 earnings last night, where its ad revenue hit $65.85 billion, up 10% from last year’s quarter of $59.65 billion. Google’s revenue was up 15% with $88.3 billion and its profit was up 33% to $26.3B. Search revenue specifically was up 12% to $49.39 billion.
I believe this is the highest ad revenue quarter Google ever reported, by 0.5% in Q4 2023.
Of course, I like to focus on the ad revenue earnings and how, quarter after quarter, Google somehow squeezes out more ad dollars. Overall, ad dollars were up 10% from $59,647 to $65,854; search revenue was up 12% from $44,026 to $49,385. That is some big big numbers and a lot of coins coming out of your cushions.
Sundar Pichai, CEO, said: “The momentum across the company is extraordinary. Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools.”
Meanwhile, Reddit earnings soar 16%.
That makes Google ad…
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source: https://news.oneseocompany.com/2024/10/30/alphabet-google-ad-revenue-up-10-biggest-ad-revenue-quarter-search-engine-roundtable_2024103058795.html
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