Google delivered this week’s most important report card tonight.
After the market closed on October 28, Alphabet (Google’s parent company) released its Q3 earnings:
Revenue: $102.35 billion—the first quarter ever to top $100 billion—beating expectations of $99.89 billion and up 16% year over year.
EPS: $2.87, well above expectations of $2.33.
Net income: $34.97 billion, compared with $26.3 billion in the same period last year.
Google Cloud: $15.2 billion, up 34% year over year and beating expectations of $14.7 billion, with a cloud backlog of $155 billion.
YouTube ad revenue: $10.26 billion, up 15% year over year.
Shares rose more than 7% after hours.
The significance of these numbers becomes clear in the context of this week.
After Alphabet’s earnings last week, fears over excessive capital spending triggered a sell-off—the Nasdaq fell 2%, AI stocks were broadly repriced lower, and BTC followed, retreating to the $80,000 range. Nomura and Morgan Stanley both said the “market reaction was overdone.”
Tonight, Alphabet answered the market’s concerns with numbers: AI capital spending is starting to pay off. Google Cloud has a $155 billion backlog, including a TPU contract with Anthropic with potential annual revenue of up to $10 billion. Major deals with Meta and OpenAI also hit record highs this quarter. CEO Pichai said, “The number of billion-dollar deals Google Cloud has signed this year exceeds the total for the past two years.”
This directly echoes Anthropic’s disclosure two days ago that its revenue had grown 1,200%—returns are starting to come in from the money invested in AI services.
The transmission chain to crypto markets:
Google +7% → stronger expectations for this week’s Microsoft/Amazon/Apple earnings → AI narrative fully rebuilt → Nasdaq sentiment recovers → BTC follows, with a 0.5–0.7 correlation to the Nasdaq → $80,000 support shifts from defense to offense.
The Coinbase premium index has been negative for 33 consecutive days, and ETFs have seen net outflows—these signals are waiting for a reversal catalyst. Tonight, Google provided the first one.
$BTC $GOOGLB
#谷歌财报能否守住基本盘
After the market closed on October 28, Alphabet (Google’s parent company) released its Q3 earnings:
Revenue: $102.35 billion—the first quarter ever to top $100 billion—beating expectations of $99.89 billion and up 16% year over year.
EPS: $2.87, well above expectations of $2.33.
Net income: $34.97 billion, compared with $26.3 billion in the same period last year.
Google Cloud: $15.2 billion, up 34% year over year and beating expectations of $14.7 billion, with a cloud backlog of $155 billion.
YouTube ad revenue: $10.26 billion, up 15% year over year.
Shares rose more than 7% after hours.
The significance of these numbers becomes clear in the context of this week.
After Alphabet’s earnings last week, fears over excessive capital spending triggered a sell-off—the Nasdaq fell 2%, AI stocks were broadly repriced lower, and BTC followed, retreating to the $80,000 range. Nomura and Morgan Stanley both said the “market reaction was overdone.”
Tonight, Alphabet answered the market’s concerns with numbers: AI capital spending is starting to pay off. Google Cloud has a $155 billion backlog, including a TPU contract with Anthropic with potential annual revenue of up to $10 billion. Major deals with Meta and OpenAI also hit record highs this quarter. CEO Pichai said, “The number of billion-dollar deals Google Cloud has signed this year exceeds the total for the past two years.”
This directly echoes Anthropic’s disclosure two days ago that its revenue had grown 1,200%—returns are starting to come in from the money invested in AI services.
The transmission chain to crypto markets:
Google +7% → stronger expectations for this week’s Microsoft/Amazon/Apple earnings → AI narrative fully rebuilt → Nasdaq sentiment recovers → BTC follows, with a 0.5–0.7 correlation to the Nasdaq → $80,000 support shifts from defense to offense.
The Coinbase premium index has been negative for 33 consecutive days, and ETFs have seen net outflows—these signals are waiting for a reversal catalyst. Tonight, Google provided the first one.
$BTC $GOOGLB
#谷歌财报能否守住基本盘
