Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+

MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.

Alphabet 2020-10-30

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@cnbcnow @cnbcnow on x
EARNINGS: Alphabet Q3 EPS $16.40 vs. $11.29 Est.; Q3 Revs. $46.17B vs. $42.90B Est. • $GOOGL https://www.cnbc.com/... https://twitter.com/...
@kari_paul Kari Paul on x
signs of the COVID era, according to $GOOG earnings call: guided meditation video views on YouTube are up 40% and DIY face mask tutorials have been viewed more than 1bn times
@munster_gene Gene Munster on x
Google returns to growth, reporting 14% yy, compared to down 2% in June. The 14% is inline with March and below the 20-24% growth range over the previous 4 years.
@mattrosoff Matt Rosoff on x
Sundar Pichai just announced Google $GOOGL will start breaking out Google Cloud as separate reporting segment, similar to how $AMZN does it. Already breaks out revenue, so presume this is P&L. https://www.cnbc.com/...
@mhbergen Mark Bergen on x
Alphabet Incorporated employs 132,121 people directly, up 16% from last year. also $goog beat and stock shot up ~9%
@megancgraham Meg Graham on x
Alphabet “total revenues of $46.2 billion in the third quarter reflect broad based growth led by an increase in advertiser spend in Search and YouTube as well as continued strength in Google Cloud and Play,” CFO Ruth Porat says https://abc.xyz/...
@dee_bosa Deirdre Bosa on x
$GOOGL is back (for now). The underperforming big tech name (YTD) now the outperformer in after hours. Up >9% Advertising rev returned to growth Cloud rev +45% YouTube, Play beating expectations CEO Pichai says they will they will further break out cloud as reporting segment
@rustybrick Barry Schwartz on x
14% up - beating expectations. https://twitter.com/...
@jenn_elias Jennifer Elias on x
Alphabet's stock popped 8% as it showed a strong rebound in its core advertising business, which was hit hard by customer spending pullbacks amid the Covid-19 pandemic. https://www.cnbc.com/...
@mattrosoff Matt Rosoff on x
Ruth Porat just confirmed that $GOOGL will in fact break out operating income for its cloud biz starting Q4, including full-year 2018 and 2019. https://www.cnbc.com/...
@stevesi Steven Sinofsky on x
Alphabet earnings “YouTube has over 30 million music and premium paid subscribers and YouTube TV has more than 3 million subscribers.” https://www.cnbc.com/... // this after pummeling ~150M DAU for years #limitsofcrosspromotion

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Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+

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