Alphabet ($GOOG) 2024 Q3 earnings release [pdf]

by CydeWeyson 10/29/24, 8:12 PMwith 3 comments
by teractiveodularon 10/29/24, 8:50 PM

Cloud revenue up 35% YoY to $11.4 billion, with operating income (profit) almost $2B.

Other Bets revenue also up from $297M to $388M YoY. Sundar mentioned Waymo is now doing 150K rides/week; if we estimate $20 each * 52 weeks, that's $150M a year, and that's from operating only in limited parts of a few cities (SF, LA, Phoenix).

by nappy-dooon 10/29/24, 8:56 PM

* Google is making almost 1B/day in revenue, or almost $5,500/employee/day.

* CapEx is up over 60% YoY – they're spending a lot of money on GPU/TPUs.

by wstrangeon 10/29/24, 10:36 PM

Nice to see GCP doing well.

The competition between AWS, Azure and GCP is great for customers..