Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its third quarter 2023 earnings results today.
Revenues increased 11% year-over-year to $76.6 billion.
Net income rose to $19.6 billion, or $1.55 per share, from $13.9 billion, or $1.06 per share, last year.
Both revenue and earnings beat expectations.
Total Google Services revenues were $67.9 billion while Google Cloud revenues totaled $8.4 billion.
Despite the earnings beat, the stock fell over 5% during aftermarket hours on Tuesday.