Alphabet Q3 Earnings Highlights: Revenue Beat, EPS Beat, Google Cloud Up 35%, 'Momentum Across The Company Is Extraordinary'

Technology giant Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) reported third-quarter financial results after the market close Tuesday.

Here are the key highlights.

What Happened: Alphabet reported third-quarter revenue of $88.27 billion, up 15% year-over-year. The total beat a Street consensus estimate of $86.31 billion, according to data from Benzinga Pro.

The company reported third-quarter earnings per share of $2.12, which beat a Street consensus estimate of $1.84.

Revenue was broken down as follows in the third quarter, with the prior year's total in parentheses:

Google Search: $49.4 billion ($44 billion)

YouTube ads: $8.9 billion ($8 billion)

Google Network: $7.5 billion ($7.7 billion)

Total Google Advertising: $65.9 billion ($59.6 billion)

The company also reported Google subscribers, platform ...