Wall Street analysts had estimated revenue of $71.6 billion and EPS of $1.36.
Despite the results coming in well above forecasts, Alphabet shares slipped more than 5%.
They came into earnings up 59% this year to date.
YouTube’s “Dream Screen"Courtesy
It undershot Wall Street estimates, reaching $8.41 billion in revenue compared with forecasts for $8.6 billion.
Overall advertising revenue came in at $59.7 billion, ahead of consensus estimates of $58.9 billion.
Alphabet and Facebook parent Meta are considered important indicators of the shape of the ad market.
Meta will report its quarterly results on Wednesday.
The company also has shuffled its CEO, with Neal Mohan taking over for Susan Wojcicki earlier this year.
