Alphabet (NASDAQ: GOOGL) Q3 results:
Earnings per share (EPS): US$27.99/share vs. US$23.48/share estimate.
Revenue: growth of 71% to US$65.12bn vs. US$63.34bn estimate.
Google advertising revenue rose 43% to US$53.13bn.
YouTube advertising revenue: US$7.20bn vs. US$7.4bn estimate.
Alphabet CEO Sundar Pichai said the results ?stemmed from a commitment made five years ago to make AI a bedrock element of the company?s offerings. This quarter?s results show how our investments there are enabling us to build more helpful products for people and our partners?.
Alphabet shares rose 4.96% following the release of Q3 results.