- Profits of $1bn on top of largest revenue figure in 14 years
- Third-quarter earnings beat analysts’ expectations
Google parent Alphabet continued big tech’s profitable march through earnings season, reporting third-quarter results that exceeded Wall Street’s expectations and a near doubling in profits as advertisers chased the consumer shift to online.
Alphabet’s revenue rose 41% to $65.12bn over the last three months, its largest revenue figure in 14 years. It posted a profit of more than $21bn, nearly three times the figure it reported before the pandemic.
