YouTube ad revenue topped $10 billion for the first time in a single quarter, helping push parent Alphabet past Wall Street expectations for the July-to-September period.
Total company revenue also anthem a milestone, passing $100 billion in a quarter for the first time. It anthem $102.34 billion, up 16% from the year-earlier frame. Diluted earnings per share reached $2.87, up from $2.12.
The main metrics blew past Wall Street analysts’ consensus calling for EPS of $2.27 and revenue of $100.14 billion.
It was another stellar “print,” as Wall Streeters call a quarterly earnings report, for the booming tech sector. Big Tech is in the spotlight, with Alphabet and Meta reporting earnings today, and Apple and retailer on Thursday.
Heavy investments in AI and the cost savings anticipated by investors as a result have lifted the stocks of a number of major tech companies of late, with Nvidia becoming the first $5 trillion company earlier Wednesday.
YouTube ad revenue increased 16% over the year-ago quarter to come in at almost $10.3 billion. Having marked its 20-year anniversary last spring, the platform has evolved from scrappy, loss-making start-up to a smooth-running behemoth. It riding a two-and-a-half-year streak as the leading streaming destination in the Nielsen rankings and also gaining more scale with its pay-TV bundle, YouTube TV. Having racked up almost 10 million subscribers to become a leading pay-TV operator in the U.S., YouTube TV has been looking to use that leverage in negotiations with programmers. The distributor has locked horns with nearly a half-dozen network parents in 2025, with a deadline looming Thursday night with Disney. TelevisaUnivision’s networks, notably broadcast giant Univision, have been dark on YouTube TV for the past several weeks.
YouTube Premium helped drive the number of paid subscriptions past 300 million, CEO Sundar Pichai said in the earnings release, with Google One also a big draw.
Pichai also talked up Gemini, the company’s large-language model, which has been integrated into search results on Google. The Gemini app also immediately has more than 650 million monthly active users, the CEO said.
About the Author
