The recent quarterly results by tech giants Amazon, Microsoft, and Alphabet (Nasdaq: GOOG) helped drive the Nasdaq to the best gains of the year. Post their result announcements, the Nasdaq climbed 2% in the day – its biggest climb this year – as the stocks themselves climbed to their record highs.

Alphabet’s Financials

Alphabet’s third quarter revenues grew 23% over the year to $27.7 billion, ahead of the Street’s forecast of $27.2 billion. EPS of $9.57 was also significantly ahead of the market’s forecast of $8.31 for the quarter.

By segment, revenues from the Google segment grew 23% to $22.3 billion. Revenues from Google properties grew 23% to $19.72 billion and revenues from Member’s websites grew 16% to $4.3 billion. Other revenues for Google, which includes revenues from non-ad businesses including the Play Store, cloud app, and infrastructure sales and hardware grew 40% over the year to $3.4 billion. Revenues from Other Bets grew 53% to $302 million.

Among operating metrics, aggregate paid clicks grew 47% over the year and 6% sequentially. Paid clicks on Google websites grew 55% over the year and paid clicks on member’s websites grew 10% over the year. Aggregate cost per click fell 18% over the year driven by a 18% decline on Google properties and a 5% decline on Network Members’ properties. On a sequential basis, aggregate cost per click improved 1% over the year driven by improvement in Google properties.

Alphabet Driving YouTube

Alphabet continued to add additional capabilities to YouTube during the quarter. To drive more users to the service, it is now simplifying how YouTube TV subscribers stream live television on their TVs. The service will be available through an app for over-the-top streaming TV devices. The new app is available for Android TV streaming devices and for Microsoft’s Xbox device. Alphabet plans to roll out the app for other streaming TV devices, including Roku, Apple TV, Samsung, LG, and Sony before the end of the year.