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via finance.yahoo.comBusiness & Companies

Alphabet CFO walks through the company's Q3 results

FROM THE WIRE · FINANCE.YAHOO.COM

Alphabet (GOOGL, GOOG) CFO Anat Ashkenazi outlined the tech giant's third quarter financial results during its Q3 earnings call, breaking down revenue growth, operating expense growth led by AI talent and Gemini investment, and a jump in operating income. Video Transcript 00:00…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishFor a mega-cap like Alphabet, revenue growth and a jump in operating income in the quarter can move the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated revenues for the third quarter were $127.6 billion, up 25% in reported and constant currency.
  2. 02Total cost of revenue rose 24% to $51.4 billion.
  3. 03Total operating expenses rose 20% to $35.6 billion, driven by AI talent and Gemini investment.
  4. 04The CFO cited a 13th consecutive quarter of double-digit revenue growth.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Alphabet Inc.GOOGLStock324.89 USDMarket closedtoday +1.34%Positive Alphabet Inc.GOOGStock321.89 USDMarket closedtoday +1.60%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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