Alphabet's Q2 2025 earnings call highlighted strong revenue growth driven by AI advancements across Search, YouTube, and Google Cloud. Despite increased operating expenses and supply constraints in cloud services, the company showed robust performance and demand for its AI product portfolio.

Company Guidance -

Q3 2025

During the Alphabet Second Quarter 2025 Earnings Conference Call, the company provided several key metrics reflecting robust growth and strategic advancements. Alphabet reported consolidated revenue of $96.4 billion, marking a 14% increase year-over-year, with Google Services revenues reaching $83 billion, up 12%. Search revenues grew by 12% to $54.2 billion, driven primarily by retail and financial services. YouTube advertising revenues rose 13% to $9.8 billion, and Cloud revenue increased 32% to $13.6 billion, with its annual run rate exceeding $50 billion. The company highlighted AI features such as AI Mode and AI Overviews, which contributed to an increase in search queries by over 10% globally. Cloud backlog was reported at $106 billion, up 38% year-over-year, with significant growth in high-value deals. Additionally, YouTube Shorts reached over 200 billion daily views. Alphabet also announced an increase in CapEx expectations to $85 billion for 2025 to support growing demand, particularly in cloud infrastructure.

Robust Company-Wide Growth

Alphabet reported consolidated revenue of $96.4 billion, an increase of 14% year-over-year, with strong performance across Search, YouTube, and Google Cloud.

AI-Driven Search Expansion

AI Overviews and AI Mode have significantly increased user engagement, driving higher search queries globally and contributing to a 12% increase in Search and other revenues.

Google Cloud's Strong Performance

Google Cloud reported a 32% increase in revenues, reaching $13.6 billion, with a backlog of $106 billion, reflecting strong demand for AI product portfolio and infrastructure.

YouTube Revenue Growth

YouTube advertising revenues increased by 13% to $9.8 billion, driven by direct response advertising and strong user engagement with Shorts.

Increased Engagement with AI Products

The Gemini app and AI-powered tools in Google Workspace have seen significant growth in user engagement, with products like Google Vids reaching nearly 1 million monthly active users.

Waymo Expansion

Waymo expanded its service territories in Austin, Los Angeles, and San Francisco by approximately 50% and launched teen accounts in Phoenix.

Alphabet Class C (GOOG) Earnings, Revenues Date & History

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GOOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	2.33 / -	2.12	―	―	―
Jul 24, 2025	2025 (Q2)	2.18 / 2.31	1.89	22.22% (+0.42)
Apr 24, 2025	2025 (Q1)	2.02 / 2.81	1.89	48.68% (+0.92)
Feb 04, 2025	2024 (Q4)	2.12 / 2.15	1.64	31.10% (+0.51)	―
Oct 29, 2024	2024 (Q3)	1.84 / 2.12	1.55	36.77% (+0.57)	―
Jul 23, 2024	2024 (Q2)	1.85 / 1.89	1.44	31.25% (+0.45)	―
Apr 25, 2024	2024 (Q1)	1.51 / 1.89	1.17	61.54% (+0.72)	―
Jan 30, 2024	2023 (Q4)	1.59 / 1.64	1.05	56.19% (+0.59)	―
Oct 24, 2023	2023 (Q3)	1.46 / 1.55	1.06	46.23% (+0.49)	―
Jul 25, 2023	2023 (Q2)	1.34 / 1.44	1.21	19.01% (+0.23)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GOOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$193.20	―	―
Apr 24, 2025	$161.28	$163.65	+1.47%
Feb 04, 2025	$207.22	$192.85	-6.93%
Oct 29, 2024	$170.55	$175.53	+2.92%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.