Loading...
Market
What will be Alphabet's cash dividend per share in Q4 2024?
2
Resolution / Starting Odds
No dividend • 25%
Less than $0.20 • 25%
$0.20 • 25%
More than $0.20 • 25%
Alphabet's official Q4 2024 earnings report
Story
Alphabet's Q3 Revenue Hits $88.27 Billion, EPS Beats at $2.12 Amid 35% Cloud Growth
Oct 29, 2024, 08:08 PM
Alphabet Inc., the parent company of Google, reported its third-quarter 2024 earnings, surpassing analysts' expectations with strong growth across its business segments. The company reported revenue of $88.27 billion, a 15% increase year-over-year, exceeding the estimated $86.45 billion. Net income rose by 34% to $26.3 billion, and earnings per share (EPS) increased by 37% to $2.12, beating the expected $1.84. Operating income was $28.52 billion, with an operating margin of 32%. Google Services revenue increased by 13% to $76.5 billion. Google Cloud revenue grew significantly by 35% to $11.35 billion, with an operating margin of 17%, surpassing the estimated $10.79 billion. Google's advertising revenue rose by 10.4% to $65.85 billion, with YouTube advertising revenue increasing by 12.2% to $8.92 billion. Traffic acquisition costs were $13.72 billion. The strong performance was driven by growth in the digital advertising business and an AI-driven increase in demand for its cloud services. CEO Sundar Pichai stated that the momentum across the company is extraordinary. Alphabet also announced a cash dividend of $0.20 per share.
View original story
Similar markets
Less than $2.00 • 25%
$2.00 to $2.20 • 25%
$2.20 to $2.40 • 25%
More than $2.40 • 25%
Less than $1.85 • 25%
$1.85 to $1.90 • 25%
$1.90 to $1.95 • 25%
More than $1.95 • 25%
Less than $90 billion • 25%
$90 billion to $92 billion • 25%
$92 billion to $94 billion • 25%
More than $94 billion • 25%
Less than $20 billion • 25%
$20 billion to $25 billion • 25%
$25 billion to $30 billion • 25%
More than $30 billion • 25%
Under $180 • 25%
$180-$190 • 25%
$190-$200 • 25%
Over $200 • 25%
Less than $1200 • 25%
$1200 - $1400 • 25%
$1400 - $1600 • 25%
More than $1600 • 25%
Less than $85 billion • 25%
$85 billion to $87 billion • 25%
$87 billion to $89 billion • 25%
More than $89 billion • 25%
Less than $85 billion • 25%
$85 billion to $90 billion • 25%
$90 billion to $95 billion • 25%
More than $95 billion • 25%
$65 billion to $67 billion • 25%
Less than $65 billion • 25%
$67 billion to $69 billion • 25%
More than $69 billion • 25%
Less than 30% • 25%
30% to 32% • 25%
32% to 34% • 25%
More than 34% • 25%