Google's parent company Alphabet has shared its financial results for the third quarter of 2023. According to the published data, the company's income and profitability have increased. Its turnover rose 11% to $77 billion in the last three months, with $19.69 billion of that revenue recorded as net profit.
Google's revenue growth was driven by $7.95 billion from YouTube ads and $8.41 billion from Google Cloud services. On the other hand, Alphabet's "Other Bets" joint ventures generated $297 million in revenue this year, with a loss of $1.19 billion.
