Google Parent Alphabet Hits $100 Billion Revenue Milestone
It’s a huge moment for Google and its parent company, Alphabet. For the first time ever, Alphabet has crossed the $100 billion mark in quarterly revenue — a massive milestone that really shows the scale and staying power of Google’s global influence. This achievement was announced on Wednesday, marking another record-breaking quarter for one of the world’s most dominant tech giants.
Alphabet’s revenue for the July-to-September period hit $102.3 billion, which is a 16% increase compared to the same quarter last year. Even more impressive, profits soared to nearly $35 billion, or about $2.87 per share — that’s a jump of 33%. These results weren’t just strong; they far exceeded what analysts were expecting, showing that despite all the scrutiny and competition, Google’s business model remains incredibly resilient.
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Investors certainly noticed. Alphabet’s stock price jumped more than 6% in after-hours trading following the announcement. That momentum pushed the company’s shares toward a new record high during Thursday’s regular session. And if you zoom out a bit, Alphabet’s stock has surged nearly 30% since early September — adding roughly $770 billion in shareholder value.
Interestingly, this wave of growth comes right after a key legal development. A U.S. federal judge recently rejected a proposal from the Justice Department that aimed to break up Google’s search business over monopoly concerns. The ruling was seen as a mild rebuke, suggesting the company won’t face major disruption for now. The judge noted that emerging artificial intelligence technologies — like conversational “answer engines” from ChatGPT and Perplexity — are already introducing new competition to the search space.
But Google isn’t sitting still. The company is rapidly weaving AI into nearly everything it offers — from its iconic search engine to Chrome and other platforms. CEO Sundar Pichai revealed that Google’s Gemini AI app now boasts around 650 million monthly users. As he put it, “We are seeing AI drive real business results across the company,” emphasizing that Google is currently in what he called “an expansionary moment.”
Of course, all this innovation comes at a cost. Alphabet plans to spend up to $93 billion this year on infrastructure, mainly to build and maintain massive data centers that power AI technologies. Its Cloud division is seeing particularly fast growth, with revenues climbing 34% year-over-year to reach $15.2 billion this quarter.
Even as Alphabet navigates ongoing legal challenges — including another antitrust case targeting its advertising business — this record-setting quarter sends a clear message: Google’s empire isn’t fading anytime soon. With strong ad revenues, explosive AI adoption, and continued investor confidence, Alphabet has once again proven why it remains one of the most powerful forces in the global tech industry.
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