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|---|---|---|
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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 88.3B | 4.3% |
| Gross Profit | 51.9B | 5.4% |
| Cost of Revenue | 36.5B | 2.7% |
| Operating expense | 23.3B | 6.7% |
| Net Income | 26.3B | 11.4% |
| EBITDA | 28.5B | 12.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 430B | 3.7% |
| Total Liabilities | 116B | 1.9% |
| Total Equity | 314B | 4.4% |
| Shares Outstanding | 12.3B | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 30.7B | 15.2% |
| Cash from investing | -18B | 547.6% |
| Cash from financing | -20.1B | 3.8% |
EPS
Financial Highlights for Google in Q3 '24
Google reported a revenue of 88.3B, which is a 4.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 51.9B, marking a 5.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 36.5B, a 2.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 23.3B, showing a 6.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 26.3B, showing a 11.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 28.5B, showing a -12.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Google with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
