Alphabet today announced Q2 2025 earnings with $96.42 billion in revenue. These numbers range from April to June.
Revenue is up 14% from $84.7 billion in Q2 2024, with operating income at $31.27 billion and net income of $28.19 billion for this quarter (versus $23.62 billion a year ago). For comparison, Alphabet reported $90.2 billion in revenue and $34.54 billion in net income last quarter.
“We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.”
Sundar Pichai, CEO
In Q2 2025, YouTube ad revenue was $9.79 billion (versus $8.66 billion a year ago), while Cloud reported $13.62 billion (compared to $10.35 billion).
“Google subscriptions, platforms, and devices” (previously “Google other”) — which includes hardware, Play Store, and non-advertising YouTube revenues — reported $11.20 billion, compared to $9.31 billion the same quarter last year.
“Other Bets” continues to lose money. It reported $373 million in revenue compared to $365 million in Q1 of 2024. It lost $1.24 billion compared to $1.12 billion in the same quarter of last year.
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