Google Cloud Brought in 13% of Alphabet's total revenue

Alphabet (GOOGL) results are in for Q3 2024, Google Cloud brought in $11.35 billion.

Google Cloud continues to grow at a rapid pace, increasing revenue by ~35% YoY. Google Cloud continues to be profitable with nearly $2 billion in net profit. Google Cloud’s Q3 2024 revenue of $11.35 billion represents ~13% of Alphabet’s total revenue of $88.27 billion.

Alphabet had a great Q3 2024, with revenue up 15% to $88.3 billion, thanks to strong performance across Search, YouTube, and Google Cloud.

Our focus on AI is paying off, leading to increased user engagement and new customer acquisition. Profitability also improved significantly.

Full results can be found here: https://lnkd.in/e-fxmz6t

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