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Google revenues up 25% YoY to $33B, hardware & cloud revenue up 29%

Google's revenues increased by 24% YoY to $33.74 billion from $24.7 billion a year ago, for the quarter ended September 2018. Advertising revenues accounted for 86% of the total revenues. Google posted a profit of $9.1 billion in the quarter, as compared to $6.7 billion in the same quarter last year. In a call with investors, Alphabet CFO Ruth Porat said that revenues were driven by Search, both mobile and Desktop, and YouTube. Google's "Other" revenues which include its cloud services, hardware, and Chromebook sales, also grew 29% to $4.6 billion. Its hardware business includes Pixel phones, the Home smart speaker line, and Chromecast devices. Google CEO Sundar Pichai said daily active users (DAUs) of Google Home devices have grown 5 times in the past year. Google's "Other bets", which includes life sciences arm Verily and self-driving car unit Waymo,…

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