On October 29, 2024, Alphabet Inc., the parent company of Google, released its financial results for the third quarter ended September 30, 2024. The report highlighted a 15% increase in consolidated revenues to $88.3 billion compared to the same period last year, with Google Services revenues growing by 13% to $76.5 billion. Google Cloud saw a significant revenue increase of 35% to $11.4 billion. The company's total operating income rose by 34%, with an operating margin expansion of 4.5 percentage points to 32%. Net income and EPS both increased by 34% and 37%, respectively, with EPS reaching $2.12. CEO Sundar Pichai attributed the strong performance to the company's innovation and investment in AI, which has led to new features in Search, adoption in Cloud, and growth in YouTube ads and subscription revenues. Alphabet also announced a cash dividend of $0.20 per share to be paid in December 2024 to stockholders of record in December 2024. The financial statements and additional information were provided, including segment operating results and details on the dividend program.

On October 29, 2024, Alphabet Inc., the parent company of Google, released its financial results for the third quarter ended September 30, 2024. The report highlighted a 15% increase in consolidated revenues to $88.3 billion compared to the same period last year, with Google Services revenues growing by 13% to $76.5 billion. Google Cloud saw a significant revenue increase of 35% to $11.4 billion. The company's total operating income rose by 34%, with an operating margin expansion of 4.5 percentage points to 32%. Net income and EPS both increased by 34% and 37%, respectively, with EPS reaching $2.12. CEO Sundar Pichai attributed the strong performance to the company's innovation and investment in AI, which has led to new features in Search, adoption in Cloud, and growth in YouTube ads and subscription revenues. Alphabet also announced a cash dividend of $0.20 per share to be paid in December 2024 to stockholders of record in December 2024. The financial statements and additional information were provided, including segment operating results and details on the dividend program.