App and Cloud Sales Lift Google

Alphabet, the parent company of Google, reported a 23% year-on-year rise in revenues on a constant currency basis for the third quarter to 22.5 billion US dollars. Advertising revenues were up 18%, but "other" revenues (from the Play Store, Chromecast, Chromebooks, Android, Google Apps, and the Google Cloud Platform) rose 39%. "Mobile search and video are powering our core advertising business and we’re excited about the progress of newer businesses in Google and Other Bets,” said Ruth Porat, CFO of Alphabet. Source: Alphabet statement