Google Cloud revenue more than doubles to $30.7B in Alphabet's third quarter
Google Cloud revenue rose 103% to $30.71B in Q3, with a 36.2% operating margin, as Alphabet's capex reached $51.4B for the quarter.
Google Cloud brought in $30.71B in the third quarter, up 103% from $15.16B a year earlier, and its operating margin widened to 36.2% from 23.7%. Alphabet's total revenue rose 25% to $127.58B. (Stock Titan; Fortune)
Capital spending was $51.4B in the quarter, up from about $24B a year earlier, and free cash flow was negative $9.1B. Alphabet's chief financial officer said capex would "increase significantly in 2027." Shares fell in after-hours trading. (Fortune; Stock Titan)