Alphabet Q3 Earnings Report: GAAP EPS and Revenue Miss Estimates
Alphabet reported third-quarter financial results that fell short of analyst expectations on both top and bottom lines. The company posted a GAAP earnings per share (EPS) of $2.12, missing estimates by $0.89, while total revenue reached $127.58 billion, missing consensus by approximately $330 million. Despite the misses, Alphabet saw significant year-over-year growth, with total revenue increasing 24.7%. The Google Services segment remains a primary driver, generating $96.3 billion in revenue (up 11% Y/Y). Notably, Google Search & other grew by 12%, supported by the highest year-over-year search query growth rate recorded.
