- Alphabet reports Q3 2024 revenue of $88.27 billion, up from $76.67 billion in 2023.
- Search, Cloud, and YouTube growth all helped drive the year-to-year rise.
Google may be facing some eye-wateringly high fines from Russian courts, and while we’ll likely never see those paid, parent company Alphabet sure has a lot of money sitting around at the moment. Today the company shares just how well it’s been doing, with the release of some very favorable Q3 2024 financial figures.
Overall, revenue is up 15% year-to-year from 2023, hitting $88.27 billion. Alphabet shares that YouTube ad revenue is up nearly a billion dollars alone, coming in at $8.92 billion. Between that and subscriptions, CEO Sundar Pichai tells us that over the past year, YouTube’s brought in over $50 billion, setting a new record for itself in the process.