Google parent Alphabet rode continued momentum in digital advertising in the third quarter, reporting total revenue of $53.6 billion in the quarter, not counting traffic acquisition costs.Earnings per share came in at $27.99, far ahead of analysts’ consensus expectation of $23.50 and up 71% from a year ago.
The revenue figure cleared Wall Street’s bar by $1 billion. When not adjusting for traffic costs, revenue shot up 41% to $65.1 billion.YouTube ad revenue jumped 43% from the year-earlier period, reaching $7.2 billion.
Search revenue climbed 44% to $37.9 billion.The earnings release comes in the midst of a series of quarterly financial disclosures from major tech players.
Read more on deadline.com
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