Asia Tech Wire (Oct 30) -- Google's parent company Alphabet Inc. on Tuesday announced financial results for the third quarter of 2024, showing revenue of $88.268 billion, an increase of 15% year-on-year.

The latest earnings results show that in the quarter ended September 30, 2024, Alphabet realized a net profit of $26.301 billion, compared with $19.689 billion in the same period of the previous year.

This included $65.854 billion in advertising revenue from Google, $8.921 billion in ad revenue from YouTube, and $11.353 billion in Google Cloud revenue.