Alphabet reports third-quarter revenue up 25% to $127.6 billion

Alphabet said revenues "increased 25% to $127.6 billion" in the third quarter, and Google Cloud revenues "increased 103% to $30.7 billion". Net income available to common stockholders was $26.2 billion and EPS was $2.12. Chief executive Sundar Pichai said the company is "now on a half-trillion dollar revenue run rate" and that the Gemini app "has reached one billion users".