Alphabet’s Net Income was Up 68% in 2021 Q3

Alphabet (NASDAQ: GOOGL) announced its 2021 Q3 financial results on October 26, 2021. According to the announcement, revenues, operating income and net income were up 41%, 88% and 68%, respectively (3 months, YoY). Diluted EPS was up 71%.

Alphabet continuously repurchased $ 12.6 billion common stocks during 2021 Q3. This amount accounts for more than 5% of Alphabet’s shareholders’ equity as of the end of 2021 Q2. In this regard, Alphabet’s free cash flow was up 758% (YoY). In addition, retained earnings were up 12% (YoY). These figures implicate that Alphabet would continue to repurchase common stocks in comparable scale.

As for revenues by segments, Google Cloud grew the most of up 45% (3 months, YoY). It was followed by Google Ads, including YouTube Ads, of up 43%. Revenues in Americas other than the US were up 56%. It was followed by EMEA of up 42% and the US of up 39%.

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