Alphabet reported a sharp acceleration in revenue growth for the third quarter, with consolidated revenue rising 25% year over year to $127.6 billion. The results, announced Oct. 28, showed growth across the business, with Google Services contributing the bulk of revenue and Search remaining a key driver.
- Google Services revenue rose 11% to $96.3 billion. Search and other revenue increased 12%.
- Search query growth reached its highest rate in five years, Alphabet said, alongside the growth in Search revenue.
- Alphabet described this as its 13th consecutive quarter of double-digit revenue growth.
- Alphabet said it would discuss its results on a conference call and use non-GAAP financial measures, with reconciliations to comparable GAAP measures included in its results materials.
Google Services accounted for roughly three-quarters of Alphabet’s $127.6 billion in quarterly revenue. The figures point to continued growth in Search and the broader services business, though the announcement details included here do not provide profit, cash-flow or outlook figures.