Google reported Q3 2020 revenues of $46.2 billion, up 14% from $40.5 billion in Q3 2019, according to the company’s press release. Net incomes rose to 11.2 billion in the quarter or $16.4 diluted earnings per share (EPS) from $7.1 billion or $10.12 EPS in Q3 2019. Quarter-based revenue growths due to an increase in advertiser spend in Search and YouTube and Google Cloud and Play’s strength.
- Google is remaining focused on making the right investments that support long-term sustainable value.
- Google’s quarterly results are a reflection of deep AI investments and other technologies that deliver value.
- ● Q3 2020 operating income was $11.2 billion, up from 9.2 billion in Q3 2019, while operating margin rose from 23% to 24% during the period.
Google stock is gaining. GOOGL: NASDAQ is up 5.54%
