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Sep 30, 2024
Alphabet Q3 2024 Earnings Report
Announced financial results for the quarter ended September 30, 2024.
Key Takeaways
Alphabet's Q3 2024 revenues increased by 15% year over year to $88.3 billion. Google Services revenues grew by 13% to $76.5 billion, and Google Cloud revenues increased by 35% to $11.4 billion. Total operating income increased 34% and EPS increased 37% to $2.12.
Consolidated Alphabet revenues in Q3 2024 increased 15%, or 16% in constant currency, year over year to $88.3 billion, reflecting strong momentum across the business.
Google Services revenues increased 13% to $76.5 billion, led by strength across Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 35% to $11.4 billion led by accelerated growth in Google Cloud Platform (GCP) across AI Infrastructure, Generative AI Solutions, and core GCP products.
Total operating income increased 34% and operating margin percent expanded by 4.5 percentage points to 32%.
Alphabet
Alphabet
Alphabet Revenue by Segment
Revenue by Segment
Google Services Revenue
CapyFin.comGoogle Cloud Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted.
Challenges Ahead
- Actual results may differ materially from the results predicted.
- Reported results should not be considered as an indication of future performance.
- Risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023
- Risks in our most recent Quarterly Report on Form 10-Q for the quarter ended June 30, 2024
- Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof.
Revenue & Expenses
Visualization of income flow from segment revenue to net income