In Q3 2024, Alphabet generated $88.27 billion in revenue, a 15% year-over-year increase, showcasing strong performance mainly attributed to AI innovations across its services.
YouTube ad revenue reached $8.92 billion, with an overall total of ads and subscriptions reaching over $50 billion for the first time in four quarters.
Sundar Pichai emphasized the company's commitment to innovation and AI, highlighting how new AI features in Search and Cloud are driving better customer engagement.
The 'Google subscriptions, platforms, and devices' category showed robust growth, reaching $10.66 billion, bolstered by successful launches of new hardware products.
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