Google Beats Estimates In Q3, Enjoys $18.7B Revenue And $3.98B ProfitBy cheatmaster 12:48 Wed, 28 Jul 2021 Comments
Q3 2015 is one of Google's strongest as Alphabet announced the company's financial results for the quarter. Google's revenue for the period is $18.7 billion, a 13% year-over-year rise. Google's websites generated $13 billion of that revenue - a 16% year-over-year increase.
Net income was also high at $3.98 billion, compared to Q3 2014's $2.74 billion.
Google saw a rise in revenue across its devices and advertising businesses. Other revenue streams, including hardware sales brought $1.89 billion in. Average paid clicks were up 23%.
Ruth Porat, CFO of Alphabet and Google, was quite excited with the results:
Our Q3 results show the strength of Google's business, particularly in mobile search. With six products now having more than 1 billion users globally, we're excited about the opportunities ahead of Google, and across Alphabet.
Operating costs were also up totaling to $6.93 billion up from $6.1 billion from the same period last year. Additionally, Alphabet revealed it will be buying back north of $5 billion in stock in the coming quarter.
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