Alphabet's Revenue Boom: AI and Ads Propel Growth

Alphabet reported a 15% increase in revenue for the third quarter, exceeding expectations. The growth was driven by its digital advertising and increased demand for cloud services boosted by artificial intelligence.

Alphabet has exceeded third-quarter revenue expectations, driven by robust growth in its digital advertising sector and a surge in demand for AI-enhanced cloud services.

In the July to September period, Alphabet's revenue surged by 15% to reach $88.27 billion, surpassing analysts' average projection of $86.30 billion, as reported by LSEG.

This performance underscores Alphabet's pivotal role in both advertising and cloud services, particularly with the integration of cutting-edge AI technologies.

(With inputs from agencies.)