Alphabet Inc (NASDAQ: GOOG/GOOGL) Q3 2020 earnings call dated Oct. 29, 2020
Alphabet Inc. (NASDAQ: GOOG/GOOGL), the parent of Google, reported third-quarter 2020 results Thursday. Both earnings and revenues increased and came in above experts’ projection. Shares of the internet search giant gained during the extended trading session, soon after the announcement. Total revenues rose 14% year-over-year to $46.17 billion in the third quarter and beat the estimates. Google advertising revenue increased10%, while Search & Other revenue was up 6%. Reflecting the strong top-line performance, net income moved up to $11.2 billion or $16.4 per share in the September-quarter from $7.01 billion or $10.12 per share a year earlier. For the most recent quarter, analysts were looking for a lower number.
Jim Friedland — Director of Investor Relations
Sundar Pichai — Chief Executive Officer, Google
Ruth M. Porat — Senior Vice President and Chief Financial Officer, Alphabet and Google
Eric Sheridan — UBS — Analyst
Doug Anmuth — J.P. Morgan — Analyst
Heather Bellini — Goldman Sachs — Analyst
Brian Nowak — Morgan Stanley — Analyst
Brent Thill — Jefferies — Analyst
Justin Post — Bank of America Merrill Lynch — Analyst
Mark Mahaney — RBC Capital Markets — Analyst
Daniel Salmon — BMO Capital Markets — Analyst
Colin Sebastian — Robert W. Baird — Analyst
Ross Sandler — Barclays — Analyst
