Parent company of Google, Alphabet continues to achieve solid financial performance with a turnover of 53, 1 billion dollars in the third quarter, which grew by 18% over one year.
Net profit stands at a level record of 04, $ 9 billion with an increase of 68%. This is the third time in a row that the group has made a record profit.
With the search engine Google, YouTube and others, advertising represents nearly 82% of group revenue at 53, $ 1 billion. They are up 41% over one year.
Asked about the impact of the App Tracking Transparency from Apple, Alphabet’s CFO and Google estimate that the impact has been “ modest ” on YouTube’s revenues.
Google Cloud still not profitable
If Google Cloud’s turnover is close to $ 5 billion with an increase of 45% over one year in the third quarter, this is an area where Google is lagging far behind Amazon (AWS) and Microsoft, and which is still not profitable.
“ As digital transformation and the shift to hybrid work continue, our cloud services help organizations collaborate and stay secure “, says group boss Sundar Pichai. A speech that can also be found on the Microsoft side.