Alphabet reported a record third-quarter performance, posting revenue of about $102.3–102.35 billion for the quarter ended Sept. 30, roughly 16% higher year-over-year and above consensus forecasts near $99.8–99.9 billion; GAAP net income rose to roughly $35 billion and reported EPS beat estimates. Shares rose in after-hours trading as investors reacted to the stronger top-line and profit beat, and company filings and transcripts confirmed the figures and the company’s pacing versus analyst expectations.
The report attributed growth to a rebound in advertising and continued strength in Google Cloud, which generated roughly $15.16 billion and grew at double-digit rates as customers increased spending on AI infrastructure and services. Alphabet also raised capital-expenditure guidance substantially — signaling heavy investment in data centers and AI capacity — while noting competitive and macro risks for ad demand going forward.
