GoKawiilAlphabet Q3 revenue and profit miss estimates despite doubling Cloud revenue
Alphabet's third-quarter revenue rose nearly 25% year-over-year to $127.6 billion but fell short of the $128.2 billion analysts expected, while adjusted earnings per share dropped 7% to $2.67 versus the $3.02 consensus. Google Cloud was a bright spot, with revenue doubling to $30.71 billion and operating income more than tripling to $11.12 billion, and the Gemini app surpassed 1 billion monthly active users. Shares fell nearly 10% in after-hours trading following the report.