Alphabet Third Quarter 2024 Earnings: Beats Expectations

Alphabet (NASDAQ:GOOGL) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$88.3b (up 15% from 3Q 2023).
• Net income: US$26.3b (up 34% from 3Q 2023).
• Profit margin: 30% (up from 26% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.14 (up from US$1.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphabet Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 7.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Alphabet's balance sheet and an in-depth analysis of the company's financial position.

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