Alphabet Inc., Google's parent company, on Tuesday reported its third-quarter revenue at 88.3 billion U.S. dollars, up 15 percent from a year ago.

Announcing its financial results for the quarter ending Sept. 30, the company said its net income was 26.3 billion dollars, compared with 19.69 billion dollars a year earlier. Its diluted earnings per share were 2.12 dollars, up 37 percent year on year.

Of the entire quarterly revenue, 76.51 billion dollars came from Google Services total including YouTube advertising, the company's financial report showed.

Google Cloud sales grew to 11.35 billion dollars from 8.41 billion dollars a year ago.

"Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," said Sundar Pichai, chief executive of Alphabet and Google.

YouTube's total ads and subscription revenues have surpassed 50 billion dollars over the past four quarters for the first time, Pichai added.