Strong Overall Performance
Alphabet reported a 14% increase in consolidated revenue, reaching $96.4 billion, driven by strong growth in Search, YouTube, subscriptions, devices, and Google Cloud.
Search Revenue Growth
Search and other revenues increased by 12% to $54.2 billion, with growth across all verticals, particularly retail and financial services.
YouTube Performance
YouTube advertising revenues increased by 13% to $9.8 billion, driven by direct response advertising followed by brand. Additionally, YouTube Shorts averaged over 200 billion daily views.
Cloud Revenue Growth
Google Cloud revenues increased by 32% to $13.6 billion, with strong performance across core and AI products. Cloud operating income increased to $2.8 billion, with an operating margin of 20.7%.
AI and Gemini Developments
Strong demand for AI products, with Gemini usage growing 35x year-over-year. The Gemini app now has over 450 million monthly active users, and the AI Mode has over 100 million monthly active users.
Waymo Expansion
Waymo expanded its service territories in several cities and has now autonomously driven over 100 million miles on public roads.