Alphabet reported strong financial results with significant revenue growth across major segments like Google Cloud and YouTube, driven by AI innovations and product adoption. However, there were notable expenses related to legal settlements and increased depreciation costs. Google Cloud's supply constraints remain a concern but are being addressed with increased CapEx investments.

Company Guidance

During the Alphabet Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance on several key metrics. Alphabet reported consolidated revenue of $96.4 billion, marking a 14% increase year-over-year. Google Services revenues rose by 12% to $82.5 billion, driven by a 12% increase in Search and a 13% growth in YouTube advertising revenues. Google Cloud also saw impressive growth, with revenues increasing by 32% to $13.6 billion, contributing to a 20.7% operating margin. The company highlighted the strong demand for its AI products, noting the annual revenue run rate for Google Cloud exceeded $50 billion. Furthermore, Alphabet plans to increase its CapEx investment to approximately $85 billion in 2025, up from the previous estimate of $75 billion, primarily to meet the growing demand for cloud services. The company also mentioned the successful launch of AI features such as AI Mode and Gemini, which contributed to significant increases in user engagement and monetization potential.

Record Revenue Growth

Consolidated revenue of $96.4 billion, up 14% year-over-year, with double-digit revenue growth across Search, YouTube, and Google Cloud.

AI Innovations and Adoption

AI Mode and AI Overviews contributed to double-digit revenue growth in Search. AI Overviews have over 2 billion monthly users, and AI Mode has over 100 million monthly active users in the U.S. and India.

Google Cloud's Strong Performance

Google Cloud revenues increased by 32% to $13.6 billion, with significant demand for AI products. Google Cloud's operating income increased to $2.8 billion, with a margin increase to 20.7%.

YouTube's Continued Growth

YouTube advertising revenues increased by 13% to $9.8 billion, driven by direct response advertising. Shorts now average over 200 billion daily views.

Waymo's Expansion

Waymo expanded its service territories and launched in new cities, with the Waymo driver autonomously driving over 100 million miles on public roads.

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	$194.08	+0.46%
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.