Alphabet, Google's parent company, reported a robust 15% revenue growth in Q3 2023 despite significant regulatory scrutiny and escalating competition, exceeding analyst expectations.
With $88.3 billion in revenue and a profit of $26.3 billion for Q3, Alphabet continues to thrive, fueled by strong performance from Google Search and YouTube.
Despite challenges, Alphabet has ramped up investments in AI, data centers, and hardware, showcasing its commitment to innovation and competitiveness in the tech sector.
Regulatory pressures are increasing for Alphabet, with ongoing Justice Department cases challenging its advertising business, raising the possibility of divestitures in response to antitrust claims.
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