The earnings call reflects a positive sentiment with strong revenue growth driven by AI innovations, YouTube's performance, and Waymo's expansion, despite some challenges in network revenue and advertising growth.

Company Guidance

During Alphabet's Q3 2024 earnings call, the guidance highlighted several key metrics and areas of focus. Alphabet's consolidated revenue increased by 15% year-over-year, with Google Cloud revenue growing by 35% to $11.4 billion and Google Services generating $76.5 billion, up 13%. Operating margin for the quarter was 32%, while net income rose by 34% to $26.3 billion. Google Search and other advertising revenues increased by 12%, driven by the financial services and retail verticals, while YouTube ad revenues also grew by 12%. The company emphasized its ongoing investment in AI infrastructure, including the deployment of Gemini models across its platforms, which have seen a 14x increase in API calls over six months. Alphabet plans to continue investing in technical infrastructure, with Q4 CapEx expected to match Q3's $13 billion level and further growth anticipated in 2025.

Record Revenue Growth

Alphabet reported consolidated revenue growth of 15% year-over-year, with Google Cloud revenues increasing by 35%.

AI Infrastructure and Innovation

Significant investments in AI infrastructure, including a 90% reduction in machine cost per query and the expansion of AI capabilities across products like Google Maps and YouTube.

YouTube's Strong Performance

YouTube's combined ad and subscription revenue surpassed $50 billion over the past four quarters, with YouTube ads revenue growing 12% year-over-year.

Waymo's Expansion

Waymo has scaled its autonomous driving operations, driving more than 1 million fully autonomous miles weekly and partnering with Uber and Hyundai for expanded reach.

Cloud Operating Margin Expansion

Google Cloud's operating income increased to $1.9 billion with an operating margin of 17%.

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Alphabet Class C (GOOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GOOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 04, 2025	2024 (Q4)	2.12 / -	1.64	―	―	―
Oct 29, 2024	2024 (Q3)	1.84 / 2.12	1.55	36.77% (+0.57)	―
Jul 23, 2024	2024 (Q2)	1.85 / 1.89	1.44	31.25% (+0.45)	―
Apr 25, 2024	2024 (Q1)	1.51 / 1.89	1.17	61.54% (+0.72)	―
Jan 30, 2024	2023 (Q4)	1.59 / 1.64	1.05	56.19% (+0.59)	―
Oct 24, 2023	2023 (Q3)	1.46 / 1.55	1.06	46.23% (+0.49)	―
Jul 25, 2023	2023 (Q2)	1.34 / 1.44	1.21	19.01% (+0.23)	―
Apr 25, 2023	2023 (Q1)	1.08 / 1.17	1.231	-4.96% (-0.06)	―
Feb 02, 2023	2022 (Q4)	1.18 / 1.05	1.534	-31.55% (-0.48)	―
Oct 25, 2022	2022 (Q3)	1.26 / 1.06	1.4	-24.29% (-0.34)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GOOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$170.95	$175.94	+2.92%
Jul 23, 2024	$183.15	$173.94	-5.03%
Apr 25, 2024	$157.38	$173.07	+9.97%
Jan 30, 2024	$152.50	$141.29	-7.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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