$Alphabet-A (GOOGL.US)$ reported Q3 earnings of $2.12/share, vs estimates of $1.84/share, on revenue of $88.27B vs estimates of 86.45B.
According to the report, every segment of the search giant beat estimates. Google advertising revenue climbed to $65.85B, compared to estimates of $65.50B.
"The momentum across the company is extraordinary. Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," Chief Sundar Pichai said in a press release. "In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers, and win larger deals. And YouTube’s total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time."
