Alphabet reported strong income and revenue growth for Q3, with total revenues reaching $88.3 billion, a 15.1% increase from the previous year. Net income rose 33.5% to $26.3 billion. CEO Sundar Pichai highlighted the company’s commitment to AI innovation, which has benefited both consumers and partners. Google Cloud revenue surged 34.5% to $11.3 billion, driven by AI solutions. Additionally, YouTube’s ad and subscription revenue exceeded $50 billion over the past year. Following the positive results, Alphabet’s stock price rose 6.7% in pre-market trading.
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