Alphabet’s revenue recovers despite looming antitrust lawsuit

Just like that, another quarter has come and gone. Since its last earnings report was released in July, Google’s parent company Alphabet has grown its revenue to $46.2 billion in the third quarter this year. That’s not only better than last quarter’s $38.3 billion but also beats last year’s $40.5 billion for the same period. Alphabet’s net income of $11.2 billion this quarter is a significant improvement over the $7 billion from last year, too.

CEO Sundar Pichai said in a statement that “We had a strong quarter, consistent with the broader online environment.” Since these results represent the company’s earnings for the quarter that ended on September 30th, it doesn’t include sales of Google’s latest flagship phones or smart home devices. Despite seeing better revenues than last year, Alphabet’s growth appears to have slowed. This quarter’s increase in year-over-year revenues is 14 percent, compared to the same period last year’s 20 percent.

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