Google, Alphabet
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Shares of Alphabet rose as much as 6% in post-market trading after the company posted third-quarter revenue and earnings results that beat Wall Street expectations. Investors were especially impressed by Google Cloud's 34% year-over-year revenue growth.
Google's parent company, Alphabet, reported record quarterly revenue this week, with Google Cloud, Search and YouTube each growing at a double-digit pace.
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The growth of Alphabet, Google's parent company, is directly linked to its investment in artificial intelligence.
Happy numbers galore. Net income rose 33% to nearly $35 billion, while earnings per share jumped 35% to $2.87.
Alphabet/Google reported that it earned a net income of $35 billion on revenues of $102.3 billion in the quarter ending September 30, 2025.
Alphabet is now in the middle of its hottest run since the company first hit Wall Street. The surge follows a blockbuster third-quarter report.