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Google releases its latest earnings report, Spotify is getting ready to raise prices and Excel gets friendlier to custom data types. This is your Daily Crunch for October 29, 2020.
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Google’s parent company Alphabet released its third-quarter earnings report this afternoon, coming in well ahead of Wall Street expectations thanks in large part to YouTube, which saw revenue rise to $5.0 billion (compared to $3.8 billion during Q3 2019).
Google Cloud also grew revenue from $2.4 billion last year to $3.44 billion in the most recent quarter. Overall, Alphabet reported revenue of $46.2 billion and earnings per share of $16.40, compared to analyst predictions of $42.88 billion in revenue and EPS of $11.21.
The company’s shares quickly rose 8.5% in after-hours trading.
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Image Credits: Alex Tai/SOPA Images/LightRocket / Getty Images
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Image Credits: Getty Images
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Image Credits: Mint Images / Getty Images
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Image Credits: xefstock
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Image Credits: NBCU
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