Alphabet posts Q3 revenue at $65.1B, up 41% YoY

Tuesday, 26. October 2021 22:04

Alphabet Inc. reported on Tuesday its third-quarter revenue at $65.1 billion, beating expectations of around $63.3 billion and rising by 41% compared to the same quarter in 2020. The diluted earnings per share (EPS) stood at $27.99, much higher than the expected $23.48 and 70.6% higher year-on-year. Net income jumped 68.7% on a yearly basis to reach $18,9 billion.

"Five years ago, I laid out our vision to become an AI-first company. This quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure," CEO Sundar Pichai said.

Alphabet's shares traded flat aftermarket following the earnings report.

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