Alphabet Reports Strong Q3 Earnings Growth

Alphabet Inc., Google's parent company, reported strong third-quarter earnings, surpassing Wall Street expectations with a revenue of $88.27 billion, driven by significant growth in its digital advertising and cloud services. Google Cloud revenue reached $11.35 billion, reflecting a 35% year-over-year increase, while YouTube's ad and subscription revenue exceeded $50 billion for the first time in a year. Analysts had anticipated earnings per share of $1.85, but the company posted $2.12 per share. Despite these positive results, Alphabet faces ongoing legal challenges, including a recent ruling against its search monopoly. The stock rose 3% in after-hours trading, although concerns linger about competition from AI startups and the overall long-term health of its core business. This quarter's performance marks a significant achievement amidst pressures and uncertainties in the tech landscape.