This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL) shares climbed about 6% on Thursday after reporting third-quarter results that crossed $100 billion in revenue for the first time.
Revenue rose 16% from a year earlier, helped by gains in its core Google Services business, including search and video advertising, which generated $87.1 billion. Google Cloud continued to expand, rising 34% to $15.2 billion.
Operating income increased 9% even as the company absorbed a $3.5 billion penalty tied to a European Commission ruling.
Net income grew 33% to $34.98 billion, while earnings per share rose 35% to $2.87. The company pointed to ongoing adoption of artificial-intelligence tools and demand from business customers for cloud-based software.
Alphabet said more paid subscriptions and a broader enterprise pipeline are supporting growth beyond advertising.
Capital expenditures for 2025 are projected at $91 billion to $93 billion as data center expansion and AI infrastructure investments continue.
The company said it remains focused on improving user experiences and productivity for organizations using its services.
