"But with the stock soaring more than 70% over the last six months, is it too late to buy? Maybe not. The company is coming into the report with a lot to like. Not only has the tech company's stock price been surging, but Alphabet's last quarter included mid-teens revenue growth, accelerating growth in Google Cloud, and higher capital spending tied to technical infrastructure to support its fast-growing AI (artificial intelligence) initiatives."
"Alphabet's third-quarter revenue rose 16% year over year to $102.3 billion. That was a faster pace than the 14% revenue growth the company reported in Q2, when sales were $96.4 billion. And the company's third-quarter top-line growth rate also sits above Alphabet's full-year 2024 year-over-year revenue growth rate, when total revenue rose 14% year over year. Supporting this growth, Alphabet's Google services revenue grew 14% year over year to $87.1 billion,"
Alphabet approaches a Feb. 4 fourth-quarter report after a more than 70% stock gain over six months. Recent results show improving growth trends, with third-quarter revenue up 16% year over year to $102.3 billion, outpacing Q2. Full-year 2024 revenue rose 14% year over year. Google services revenue climbed 14% to $87.1 billion, supported by strength across Search & other, subscriptions, platforms, devices, and YouTube ads. Search and other revenue rose 15% to $56.6 billion, and YouTube ads increased 15% to $10.3 billion. Google Cloud expanded 34% to $15.2 billion, following 32% growth in Q2, while cloud profitability improved and capital spending rose to support AI infrastructure.
Read at The Motley Fool
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