Google revenue crosses $100 billion first time ever: Google business that grew fastest

Google’s parent company Alphabet, shattered records Wednesday, October 29, by reporting its first-ever $100 billion in quarterly revenue. The tech giant’s revenues climbed 16% year-over-year to $102.3 billion in the third quarter. Net income soared 33% to $35 billion, underscoring Alphabet’s knack for riding the artificial intelligence wave reshaping the industry.

Google Cloud unit stole the spotlight in Q3, with the division growing fastest reporting a staggering 34% revenue jump to $15.2 billion. Competing fiercely against Amazon Web Services and Microsoft Azure, Google Cloud turned in a profit of $3.59 billion — topping estimates of $3 billion—and solidified its role as Alphabet’s premier growth engine.