Story by Kang Da-eun
Google has surpassed $100 billion in quarterly revenue for the first time in its history, driven by a surge in cloud and advertising sales amid the artificial intelligence (AI) boom.
Alphabet, Google’s parent company, announced yesterday that its third-quarter (July–September) revenue reached $102.3 billion, with a net profit of $35 billion and earnings per share (EPS) of $2.87. The quarterly revenue significantly exceeded Wall Street’s average estimate of $99.89 billion, compiled by financial data provider LSEG, and marked a 16% increase compared to the same period last year.
The cloud business segment was the key driver of the strong performance. Google Cloud, which holds the third-largest share of the global cloud market, reported revenue of $15.2 billion, a 34% year-on-year increase. The company stated, “As of the end of the quarter, the value of unfulfilled orders stood at $155 billion.”
Advertising revenue also grew following the integration of AI capabilities. Search advertising revenue increased by 15% year-on-year to $56.6 billion, surpassing the market expectation of $55 billion. This growth is attributed to AI’s role in generating ad copy, targeting, automating bids, and enhancing ad efficiency through real-time data analysis.
Google revealed that the monthly active users (MAU) of its AI chatbot, Gemini, has exceeded 650 million.
Source: The Chosunilbo
