Alphabet delivered robust Q3 2024 financial results with consolidated revenues increasing 15% YoY to $88.3 billion, driven by strong performance across its business segments. Operating income surged 34% with margins expanding by 4.5 percentage points to 32%, while net income rose 34% with EPS up 37% to $2.12.Google Services revenues grew 13% to $76.5 billion, led by Search and YouTube, while Google Cloud revenues jumped 35% to $11.4 billion powered by AI infrastructure and solutions. The company's total operating income reached $28.5 billion, reflecting improved efficiency and strong momentum across core businesses.The company announced a quarterly cash dividend of $0.20 per share, payable on December 16, 2024, to stockholders of record as of December 9, 2024, for all Class A, B, and C shares. Management highlighted the success of AI innovations driving deeper product adoption and larger deals in Cloud, while YouTube achieved a milestone with total ads and subscription revenues surpassing $50 billion over the past four quarters.

Alphabet delivered robust Q3 2024 financial results with consolidated revenues increasing 15% YoY to $88.3 billion, driven by strong performance across its business segments. Operating income surged 34% with margins expanding by 4.5 percentage points to 32%, while net income rose 34% with EPS up 37% to $2.12.Google Services revenues grew 13% to $76.5 billion, led by Search and YouTube, while Google Cloud revenues jumped 35% to $11.4 billion powered by AI infrastructure and solutions. The company's total operating income reached $28.5 billion, reflecting improved efficiency and strong momentum across core businesses.The company announced a quarterly cash dividend of $0.20 per share, payable on December 16, 2024, to stockholders of record as of December 9, 2024, for all Class A, B, and C shares. Management highlighted the success of AI innovations driving deeper product adoption and larger deals in Cloud, while YouTube achieved a milestone with total ads and subscription revenues surpassing $50 billion over the past four quarters.