Source: Google Photos

Google, the world’s largest search engine and advertising platform, has reported earnings that surpass those of the previous year by a significant margin. This is a sign of the company’s continued dominance in the tech industry and its ability to generate revenue even in the face of economic challenges.

Key takeaways:
  • Google’s earnings per share were $30.69 in the third quarter of 2023, up from $27.99 in the same quarter of 2022.
  • Revenue increased 23% year-over-year to $75.3 billion.
  • Google Cloud revenue increased 45% year-over-year to $22.2 billion.
  • YouTube advertising revenue increased 8.6% year-over-year to $7.9 billion.

Google’s earnings beat analysts’ expectations, which were for earnings per share of $29.91 on revenue of $73.3 billion. The company’s growth in all major businesses, including advertising, cloud computing, and YouTube, drove its strong performance.

Google’s advertising business continued to be the company’s main driver of revenue, accounting for $69.1 billion in the third quarter. This was a 22% increase year-over-year. Google’s advertising revenue was driven by growth in both search and display advertising.

Google’s cloud computing business also continued to grow rapidly, with revenue increasing 45% year-over-year to $22.2 billion. Google Cloud is now the third-largest cloud computing platform in the world, behind Amazon Web Services and Microsoft Azure.

Google’s YouTube business also had a strong quarter, with revenue increasing 8.6% year-over-year to $7.9 billion. YouTube is one of the most popular websites in the world, with over 2 billion active users.


Google’s earnings report signals the company’s ongoing tech industry dominance. Google can sustain revenue growth in the future due to its robust advertising, expanding cloud computing, and YouTube ventures.

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