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Google parent Alphabet beats forecasts with first $100bn quarter

about 23 hours ago
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Google’s parent company, Alphabet, displayed steady growth in its core advertising business and cloud computing division as it reported third-quarter earnings on Wednesday, beating Wall Street estimates as it reported its first quarter of $100bn in revenue.The company thrilled Wall Street – shares rose in after-hours trading – even as it announced that it would spend billions more than previously predicted.Alphabet raised its capital expenditure guidance in financial filings, declaring it would spend between $91bn and $93bn in the upcoming year, nearly all of it on infrastructure like datacenters to support artificial intelligence products, which are becoming an integral part of the company’s business.That estimate is up from an original declaration of $75bn in February and a revised figure of $85bn announced in July.The company reported total revenue of $102.

35bn for the quarter, compared with analysts’ average estimate of $99.89bn, according to data compiled by LSEG.Google Cloud remained one of Alphabet’s fastest-growing segments, benefiting from surging enterprise demand for AI-powered infrastructure and data analytics services.The unit posted revenue of $15.16bn, topping estimates of $14.

72bn.The performance was probably boosted by burgeoning enterprise demand for its AI infrastructure.The unit continues to close the gap with larger rivals Microsoft Azure and Amazon Web Services, aided by strong take-up of Vertex AI and custom tensor processing units.Competition in the broader AI and cloud market is intensifying, with rivals aggressively cutting prices and introducing new generative-AI capabilities.Alphabet’s advertising unit, which brings in the vast majority of the company’s revenue, has been competing in a crowded field of rivals vying for more ad dollars as lower interest rates are expected to lift the economy.

However, analysts have pointed to cautious spending from advertisers in some sectors who are grappling with economic uncertainty due to pressures from tariff costs and a rapidly evolving global trading landscape.Still, Wall Street expects the company to benefit from advertisers moving away from experimental ad platforms like Snapchat and others.The results come just days after Microsoft and SoftBank Group-backed OpenAI unveiled its AI-powered Atlas browser, aimed at directly competing with Google’s core search engine and Chrome browser, the most popular in the world.Sign up to TechScapeA weekly dive in to how technology is shaping our livesafter newsletter promotionThe launch represents one of the most significant challenges to Google’s search dominance in years and will be a key focus for investors listening for management’s response to the rising competitive threat to its most lucrative business.The best public interest journalism relies on first-hand accounts from people in the know.

If you have something to share on this subject you can contact the Business team confidentially using the following methods.Secure Messaging in the Guardian appThe Guardian app has a tool to send tips about stories.Messages are end to end encrypted and concealed within the routine activity that every Guardian mobile app performs.This prevents an observer from knowing that you are communicating with us at all, let alone what is being said.If you don't already have the Guardian app, download it (iOS/Android) and go to the menu.

Scroll down and click on Secure Messaging,When asked who you wish to contact please select the Guardian Business team,SecureDrop, instant messengers, email, telephone and postIf you can safely use the tor network without being observed or monitored you can send messages and documents to the Guardian via our SecureDrop platform,Finally, our guide at theguardian,com/tips lists several ways to contact us securely, and discusses the pros and cons of each.

sportSee all
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Thunder guard Nikola Topic, 20, undergoing treatment for testicular cancer

Oklahoma City Thunder say their 2024 first-round draft pick, Nikola Topic, is undergoing chemotherapy to treat testicular cancer.Thunder’s general manager, Sam Presti, said on Thursday that doctors are “extremely positive” about Topic’s outlook.“Our only expectations for him are to focus on this,” Presti said. “This is his most important priority. He’ll be back playing basketball when he’s able to, but we’re not putting any time length or expectations on that obviously

about 3 hours ago
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Breeders’ Cup 2025: all-conquering O’Brien arrives with sights on new record

Aidan O’Brien’s gallop towards an extension of his record for Group One wins in a season has slowed a little in recent weeks, but there was still a shield-beating sense of theatre about the scene as his team for the 2025 Breeders’ Cup meeting at Del Mar this weekend made its way to the track for morning exercise on Wednesday.Unlike 2024, when City Of Troy was being aimed at the Classic, there is no obvious headliner in the O’Brien lineup, but plenty of the horses trotting past in a well-ordered single file have banked at least one Group One already this season and four are expected to set off as favourite.Minnie Hauk, the Arc runner-up and a three-time Group One winner over the summer, heads the market for the Turf on Saturday, while Gstaad (Juvenile Turf), Precise (Juvenile Fillies’ Turf) and True Love (Juvenile Turf Sprint) are also all likely favourites for the three turf events on Friday’s card for juveniles. Other runners from the yard at single-figure odds include The Lion In Winter (Mile) and Havana Anna (Juvenile Turf Sprint), and the Ballydoyle squadron is, as so often, at the heart of the European challenge at the meeting.O’Brien needs a single success this weekend to take sole control of the record for Breeders’ Cup with 21, one more than the late D Wayne Lukas, who died in June

about 5 hours ago
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England’s Ashes debacle and review was meant to change everything. Did it? | Raf Nicholson

England have been knocked out of a World Cup after losing a match they were expected to win, thanks to a one-off innings which nobody saw coming. Sound familiar? That’s because it describes two events involving England which took place almost exactly a year apart: on Wednesday, their 50-over semi-final exit at the hands of South Africa; a year ago, their loss in a must-win group stage match against West Indies in the 20-over version.In the interim, a 16-0 Ashes debacle and a post-series review which was meant to change everything. Did it? Time to delve a little more deeply into those two World Cup exits. In 2024, England fell to pieces, dropped five catches, and allowed a bish-bash-bosh innings from Qiana Joseph to win the day

about 5 hours ago
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England at risk of 2027 World Cup embarrassment and in need of ODI upswing

Harry Brook has admitted that he is flummoxed by England’s inability to get consistent results in recent one-day internationals, saying that some of the supposedly stellar talents in his squad – which includes up to seven batters he insists “would get into any team in the world” – “just haven’t performed well enough”.“It is disappointing, isn’t it?” England’s white-ball captain admitted, as he looked ahead to the third and final fixture in an already-lost series against New Zealand. “You go round every single player there and you think: ‘Bloody hell, there isn’t many teams that they don’t get into in the world.’ It’s disappointing we haven’t performed as well as we could. Sometimes you’ve got to hold your hand up and say they’ve been the better team

about 9 hours ago
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Trey Lance has cost $7m per start. Is there any hope of reclaiming a once hyped prospect?

Quarterbacks such as Sam Darnold and Baker Mayfield have gone from busts to MVP candidates. The Chargers backup is in the ideal place to make a similar journeyThe development path for young NFL quarterbacks is brutal. They get lobbed in at the deep end as franchises try to figure out if their investment was worth it, before being tossed overboard if things go wrong. The league eats its young. The path from potential franchise starter to career backup – or out of the league – has never been shorter

about 12 hours ago
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‘Bats out for Benny’: teenager killed by cricket ball honoured amid debate over neck guards

Australia’s cricket community have begun to put their bats out in a gesture to remember teenage cricketer Ben Austin after he was killed by a ball hitting his neck in a practice session, in an incident in Melbourne on Tuesday described as similar to the death of former Test player Phillip Hughes in 2014.The 17-year-old was wearing a helmet but not a neck guard, and while the incident is likely to trigger calls to make such protection mandatory at the community level – as it already is among elite players – cricket officials said the priority must be around supporting Austin’s family and the boy who threw the ball with a training tool known as a sidearm or “wanger”.Austin’s cricket club, Ferntree Gully, posted on Facebook on Thursday calling on people to “put your bats out for Benny”, replicating the gesture that followed Hughes’ death. Dozens of other posts under the hashtag #batsoutforben have followed, highlighting the impact the incident has had on Australia’s cricket community.Cricket Victoria’s chief executive, Nick Cummins, was emotional in addressing media on Thursday

about 15 hours ago
foodSee all
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José Pizarro’s recipe for pumpkin and spinach with pimenton

3 days ago
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The £1 oyster: cut-price shellfish is all the rage – but is eating it advisable?

3 days ago
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Double, heavy, pure cream? Helen Goh’s guide to baking across borders – plus a finger bun recipe

3 days ago
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Rukmini Iyer’s quick and easy recipe for beetroot, apple and feta fritters | Quick and easy

3 days ago
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From harissa baked hake to chicken schnitzel: Ravinder Bhogal’s recipes for cooking with nuts

4 days ago
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We tried Tyra Banks’ ‘revolutionary’ hot ice-cream, and colour us confused

4 days ago