Categories AlphaGraphs, Earnings, Technology

Earnings: Google parent Alphabet (GOOG, GOOGL) beats Q3 profit, revenue

Alphabet Inc. (NASDAQ: GOOGL, GOOG) reported 41% growth in third-quarter revenues, aided by the continued strength of its search advertising business. The results also topped the Street view.

Alphabet Q3 2021 earnings infographic

The company, which owns internet search platform Google, reported a 41% growth in revenues to $65.12 billion for the third quarter of 2021. Revenue from Google, the largest segment, increased by 40%, with most of it coming from advertising. The top-line also exceeded Wall Street’s projection.

Google quarterly advertising revenue trend

Net income rose sharply to $18.9 billion or $27.99 per share during the three-month period from $11.2 billion or $16.4 per share in the third quarter of 2020, and topped the market’s expectations.

Read management/analysts’ comments on Alphabet’s Q3 report

Shares of Alphabet have gained around 20% in the past six months. The stock closed Tuesday’s regular trading higher but dropped in the after-hours, following the earnings announcement.

Prior Performance

  • Alphabet reports Q2 2021 earnings results

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