Alphabet reported a 15% year-on-year rise in revenues at constant currency for the third quarter to 46.2 billion US dollars, after reporting flat revenues form the second quarter. Google search and other advertising revenues were 26.3 billion dollars in the quarter, up 6% year-over-year as advertiser spend began to pick up in August. YouTube advertising revenues were 5 billion dollars, up 32% year-on-year, "driven by ongoing substantial growth in direct response, followed by a rebound in brand advertising."
Google Cloud revenues were 3.4 billion dollars for the third quarter, up 45% year-over-year, while "other revenues" were 5.5 billion dollars, up 35% year-over-year, primarily driven by growth in Play and YouTube non-advertising revenues. In its Other Bets division, which includes the self-driving vehicle developer Waymo, revenues in the third quarter were 178 million dollars, while the operating loss was 1.1 billion dollars. Source: Alphabet collateral
No comments:
Post a Comment