Live Blog: Google Parent Alphabet Reports Q3 Earnings – Search Engine Journal
With CallRail’s VP of Product, Jason Tatum, we will also cover the past and future state of phone calls, and how you can use AI to gain valuable insights that will transform your business.
Online ad giant Alphabet is set to report Q3 earnings today at 4:30 PM Eastern time. Highlights from the earnings report published earlier today reveal strong growth driven by Search and YouTube.
Key takeaways from Alphabet’s Q3 2023 earnings report include:
- Revenue grew 11% year-over-year to $76.7 billion, topping analyst forecasts.
- Search and YouTube ad sales drive strong growth despite economic uncertainty.
- Google ad revenues rose to nearly $60 billion, up 9% vs last year. Search ads were up 18%. YouTube ad revenue grew 15%.
- Ruth Porat, CFO, cited “meaningful growth in Search and YouTube,” showing ongoing ad spend by marketers.
- Cloud revenue grew 23% year-over-year to $8.4 billion. Traction with retail, healthcare, and financial services customers noted.
- Operating income rose 25%…
The post Live Blog: Google Parent Alphabet Reports Q3 Earnings – Search Engine Journal first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/10/24/live-blog-google-parent-alphabet-reports-q3-earnings-search-engine-journal_2023102451749.html
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