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โข GAAP EPS: $2.12 (Normalized Est. $2.97, not directly comparable).
โข Revenue: $127.58B (Est. $127.91B) โ, +25% YoY.
โข Operating Income: $40.58B, +30% YoY.
โข Operating Margin: 31.8%.
โข Net Income: $26.47B (vs. $34.98B YoY).
โข Operating Cash Flow: $42.29B.
โข Free Cash Flow: -$9.07B.
โข Capital Expenditures: $51.36B.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 revenue missed consensus by ~0.3%, despite 25% YoY growth.
โข Google Cloud revenue surged 103% to $30.71B, with operating income tripling to $11.12B.
โข Google Search revenue increased 12% to $63.35B, with query growth reaching its highest YoY rate in five years.
โข YouTube advertising revenue grew 9% to $11.21B.
โข Google Services revenue increased 11% to $96.30B, with operating income reaching $39.16B.
โข Gemini app reached 1B users, while first-party model APIs processed nearly 32B tokens per minute, more than 4x YoY.
โข YouTube Music and Premium surpassed 150M subscribers globally, including trials.
โข Q3 capital expenditures more than doubled YoY to $51.36B, exceeding operating cash flow and resulting in negative free cash flow.
โข Net income was impacted by an $8.7B loss on equity securities, reducing EPS by approximately $0.55.
โข Alphabet issued $12.4B in common stock and $28.7B in senior unsecured notes during Q3.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โGoogle Cloud revenues grew 103%, powered by huge demand for our AI infrastructure and AI solutions. Weโre also seeing strong demand for our TPU systems across a wide range of customers.โ