Alphabet, parent company of Google (that’s still weird to type), announced the Q3 financial results for Google as it existed before the company reorganization that went into effect on October 2. The results are for the quarter ended September 30.
Google saw revenues of $18.7 billion and revenue growth of 13% year over year with constant currency revenue growth of 21% year over year.
The company reported substantial growth in mobile search revenue, which was complemented by contributions from its YouTube and programmatic ad offerings.
Google also reported:
– GAAP and non-GAAP operating income of $4.7 billion and $6.1 billion, respectively
– GAAP and non-GAAP diluted EPS of $5.73 and $7.35, respectively
– Strong operating cash flow of $6.0 billion
Ruth Porat, CFO of Alphabet and Google, said, “Our Q3 results show the strength of Google’s business, particularly in mobile search. With six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet.”
Here’s a look at paid clicks and cost-per-click:
The Alphabet reorganization is being introduced in phases. For financial reporting purposes, the company says it expects the reorganization will result in disclosing its Google busienss as a single segment and all other Alphabet businesses combined as “Other Bets” starting in Q4.
You can look at the full earnings release here.
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