Alphabet records $33.7 billion in revenue with 21% YoY growth in Q3 2018

Alphabet Inc. has announced financial results for the third quarter of the year that ended September 30, 2018. Google reported a total revenue of $33.74 billion with 21% YoY growth and 22% increase in constant currency revenues year over year. The company had an operating income of $8.3 billion with 25% operating margin, up 7% versus last year, this is including the fines. The company has recorded a net income of $9.192 billion with Diluted EPS of $13.06. The Google properties revenues reported $24 billion, network Members’ properties revenues $4.9 billion, Google advertising revenues $28.954 billion, other revenues $4.64 billion. Google segment revenues $33.594 billion and other Bets revenues were reported $146 million, Google operating income came around $9.490 billion. On the other hand, Traffic acquisition costs for Google Network Members was around $3,427 million, paid clicks on Google properties improved 10% YoY and Cost-per-click on Google properties has witnessed a 2% growth. The Accrued performance fees for Q3 2018 was around $315 and gain on equity securities is around $1,382. Ruth Porat, Chief Financial Officer of Alphabet and Google said: Our business continues to have strong momentum globally, led by mobile search and our many products that help billions of people every day. Alphabet revenues were $33.7 billion, up 21% versus the third quarter ...