In the third quarter, Google parent Alphabet reported a consolidated revenue growth of 15% to $88 billion, driven by strong performance in its core businesses, particularly in Search, YouTube, and Google Cloud.
CEO Sundar Pichai noted that the company's "long-term focus and investment in AI" has been fruitful, with innovations in Search and Cloud enhancing customer engagement.
Pichai emphasized that new AI features are evolving search experiences greatly and are driving effective product adoption in Cloud, leading to impressive new customer acquisitions.
For the first time, YouTube's total ad and subscription revenues surpassed $50 billion over four quarters, showcasing the platform's significant financial growth and resilience.
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