• Google parent company Alphabet reported third-quarter earnings on Tuesday.
• The company grew revenue, EPS, advertising business, and Google Cloud revenue.
• CEO Sundar Pichai He will answer questions from analysts during the 4:30 PM ET earnings call.

Google’s Parent company Alphabet announced better-than-expected third-quarter earnings results after the closing bell on Tuesday.

Key figures for the third quarter compared to analysts’ expectations are as follows:

• earnings per share: $2.12 vs $2.12 $1.83 expected
• Revenues: 88.27 billion dollars etc. $86.44 billion is expected
• Google Advertising:$65.9 billion etc. $65.5 billion
• YouTube ad revenue: $8.92 billion, expected $8.89 billion
• Google Cloud revenue: $11.35 billion etc. Dollar10.79 billion expected

Source of analyst expectations: Bloomberg

“YouTube’s total advertising and subscription revenues exceeded $50 billion for the first time in the last four quarters,” Alphabet and Google CEO Sundar Pichai said in the earnings release.

“Our commitment to innovation, as well as our long-term focus and investment in AI, is paying off with consumers and partners benefiting from our AI tools,” he added. “We delivered strong revenue growth in the quarter and our ongoing efforts to improve efficiency helped margins improve.”

The search giant’s earnings come in less than three months federal judge rules company violated antitrust law by illegally maintaining a search monopoly. Its multibillion-dollar-a-year search deals with Apple and other paid partnerships have come under scrutiny. A potential separation is on the company’s agenda and a long legal battle is expected.

The company also announced a major restructuring in October, moving the Gemini application team under new management as part of its growing artificial intelligence efforts. Led by Google DeepMind team Demis Hassabis.

Ahead of the earnings call with analysts at 4:30 p.m. ET, Wall Street analysts are seeking updates on the company’s big AI investments, advertising businesses, subscriptions like YouTube TV and Premium, and how its popular search product is performing against growing competition from AI. Initiatives like OpenAI and Perplexity.

“Google felt the pressure from regulatory pressure this quarter,” said Evelyn Mitchell-Wolf, an analyst at Business Insider’s sister company Emarketer. “A federal judge ruled that Google had established an illegal monopoly in search; Google defended itself in court in another antitrust lawsuit against its ad tech business; and Google granted a temporary administrative stay on remedies filed in another antitrust lawsuit involving the Play Store.” “But none of this will impact Google’s earnings yet.”

This article is developing…