Alphabet achieved a groundbreaking milestone with its first $100 billion quarterly revenue, reporting $102.3 billion for Q3, a 16% year-on-year increase. CEO Sundar Pichai highlighted robust growth across all sectors, notably in Google Search and advertising, which generated $56.6 billion, and YouTube revenue, climbing to $10.3 billion. Google Cloud emerged as a critical growth driver with a 34% increase to $15.2 billion, aided by the wave of artificial intelligence innovations. The Gemini App also reported over 650 million monthly active users. Despite the success, Alphabet faced a $3.5 billion fine from the European Commission for ad tech violations, impacting its reported operating income growth. The company anticipates capital expenditures of $91-$93 billion by 2025, investing heavily in AI infrastructure. While Alphabet’s “Other Bets” division suffered a loss of $1.4 billion, the company’s shares surged nearly 40% in Q3 amidst regulatory challenges.
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