Alphabet announced today Q3 2019 revenue of $ 40.49 billion in revenue. These figures range from July to September, and did not quite meet analysts' expectations.
Revenues increased 20% from $ 33.74 billion in Q3 2018, with operating revenues of $ 9.17 billion and net revenues of $ 7.06 billion for this quarter. In comparison, Alphabet reported $ 38.94 billion in revenue and $ 9.18 billion in net revenue last quarter. Currently down 2.5% in demand trading, Google met revenue expectations but not earnings per share.
"I am extremely pleased with the progress we made across the board in the third quarter, from our recent advances in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud," said Sundar Pichai, CEO of Google. is focused on providing the most useful services to our users and partners, and we see many opportunities ahead. "
" Our businesses delivered another quarter of strong performance, with revenue of $ 40.5 billion, up 20% against in the third quarter of 2018 and up 22% on a constant currency basis, says Ruth Porat, Alphabet and Google CFO. "We continue to invest thoughtfully in talent and infrastructure to support our growth, especially in newer areas such as Cloud and machine learning."
"Google other revenue" – which includes hardware, Play Store and Google Cloud business efforts – reported $ 6.42 billion, compared to $ 4.6 billion in the same quarter last year.
The closely watched "Other Games" continue to lose money, but are slowly increasing revenue. It reported $ 155 million in revenue mainly generated by Verily and Fiber, with operating deficits down slightly to $ 941 million from $ 989 million last quarter.
Alphabet will hold a revenue call with investors and press members to further divide figures from revenue release for Q3 2019. You can follow the livestream below, and we will have coverage of notable things the company discloses.
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