share_log

10-Q: Q3 2024 Earnings Report

SEC ·  Oct 30, 2024 10:13

Summary by Moomoo AI

Alphabet reported robust financial results for Q3 2024, with revenue climbing 15% year-over-year to $88.3 billion, driven by Google Services revenue growth of 13% to $76.5 billion and Google Cloud revenue surge of 35% to $11.4 billion. Operating income jumped 34% to $28.5 billion, while operating margin expanded to 32% from 28% last year. Net income rose 34% to $26.3 billion, with diluted EPS of $2.12.Google Search & other revenue increased 12% to $49.4 billion, while YouTube ads grew 12% to $8.9 billion. Google Cloud achieved significant profitability improvement with operating income of $1.9 billion, up from $266 million in Q3 2023. The company maintained strong operational efficiency with operating expenses growing only 5% despite continued investments in AI infrastructure.The company returned $17.8 billion to shareholders through $15.3 billion in share repurchases and $2.5 billion in dividends. Capital expenditures were $13.1 billion, primarily reflecting investments in technical infrastructure including AI capabilities. The Board authorized a new $70 billion share repurchase program, with $59.7 billion remaining available as of quarter-end.
Alphabet reported robust financial results for Q3 2024, with revenue climbing 15% year-over-year to $88.3 billion, driven by Google Services revenue growth of 13% to $76.5 billion and Google Cloud revenue surge of 35% to $11.4 billion. Operating income jumped 34% to $28.5 billion, while operating margin expanded to 32% from 28% last year. Net income rose 34% to $26.3 billion, with diluted EPS of $2.12.Google Search & other revenue increased 12% to $49.4 billion, while YouTube ads grew 12% to $8.9 billion. Google Cloud achieved significant profitability improvement with operating income of $1.9 billion, up from $266 million in Q3 2023. The company maintained strong operational efficiency with operating expenses growing only 5% despite continued investments in AI infrastructure.The company returned $17.8 billion to shareholders through $15.3 billion in share repurchases and $2.5 billion in dividends. Capital expenditures were $13.1 billion, primarily reflecting investments in technical infrastructure including AI capabilities. The Board authorized a new $70 billion share repurchase program, with $59.7 billion remaining available as of quarter-end.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 2205

Recommended

Related Stocks Related Stocks
Symbol Mini Chart Price
Super League Enterprise
SLE
0.434
Jiayin Group
JFIN
8.920
Genius Sports
GENI
9.310
NEBIUS
NBIS
29.610
Zhihu
ZH
5.2600
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
As China's 'two sessions' approach: How will Chinese stocks perform?
🎙️Discussion 1. With China's 'two sessions' approaching, do you focus more on policy dynamics or capital flows? 2. Which industry sectors d Show More
Do you think the policies during the two sessions will boost Chinese stocks?
76%
24%
Bullish
Bearish
915 votes
What to Watch at China's Two Sessions?
On Tuesday, China's political leadership is convening at the Great Hall of the People in Beijing for the year's most significant event, known as the "Two Sessions." These closed-door meetings are the annual plenary sessions of both the National People's Congress and the Chinese People's Political Consultative Conference, typically held simultaneously in March. The sessions generally last for about ten days.
● China sets its economic targets this year
The ove...