Alphabet Q3 Revenue Grows 25%, Earnings Miss Expectations
Alphabet Inc., Google's parent company, reported a 25% revenue increase to $127.58 billion in Q3, but net income fell to $26.17 billion from $34.98 billion last year. Earnings per share were $2.12, below analyst estimates of $3.01, impacted by an $8.7 billion loss on equity investments. CEO Sundar Pichai highlighted strong growth and said the Gemini AI app reached 1 billion users.
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