I=7
- Alphabet Q3 2023 revenue rose 11% y/y to $76.69 billion, beating analyst estimate of $75.97 billion (+10% y/y).
- Google advertising revenue grew 9.5% y/y to $59.65 billion (analyst estimate: $58.94 billion or +8.2% y/y), YouTube ads growing 12.5% y/y to $7.95 billion (analyst estimate: $7.81 billion or +10.5% y/y).
- Google cloud revenue rose 22.5% y/y to $8.41 billion (analyst estimate: $8.62 billion or +25.5%), causing the stock to shed around 5% in after hours.