Peaked at #1 Now #3
Alphabet Q3 revenue hits record
Sundar Pichai says Alphabet hit a half-trillion annual run rate, revenues up 25% and Cloud up 103% on AI demand.
Key points
- Alphabet is now on a half-trillion annual revenue run rate, with revenues growing at 25%.
- Google Cloud revenue grew 103%, and 1P model APIs now process nearly 32B tokens/min, up 40% QoQ.
- Search query growth, including commercial queries, is the highest YoY rate in the last five years.
- Argon and Carbon are leading the frontier in model progress, and Genie 4 is the most advanced new world model yet.
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Original post
Q3 is in the books! We’re now on a half-trillion annual revenue run rate, with Alphabet revenues growing at 25%.
- Our AI investments are driving overall Search query growth, including commercial queries - our YoY query growth rate is the highest it’s been in the last five years.
- Google Cloud revenue grew 103%, powered by extraordinary demand for our AI infrastructure and AI solutions. Our 1P model APIs now process nearly 32B tokens/min (up 40% QoQ).
- Strong momentum in model progress with Argon and Carbon leading the frontier, and Genie 4 our most advanced new world model yet.
Thanks to our partners and employees around the world. More to share on the call soon!
Top replies on X
Reaction on X: Replies are largely critical or joking, focusing on the after-hours stock drop and a locked Google account, with some mocking the earnings as a miss on top and bottom lines. The original poster did not respond.
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From @OfficialLoganK, @RinaldoniA89773, @shank2600 and others. Spam removed, with English and Chinese translations.
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