Alphabet Announces Second Quarter 2025 Results

MOUNTAIN VIEW, Calif. – July 23, 2025 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial
results for the quarter ended June 30, 2025.

• Consolidated Alphabet revenues in Q2 2025 increased 14%, or 13% in constant currency, year over year to
$96.4 billion reflecting robust momentum across the business. Google Search & other, YouTube ads, Google
subscriptions, platforms, and devices, and Google Cloud each delivered double-digit growth in Q2.

• Google Services revenues increased 12% to $82.5 billion, reflecting strong performance across Google
Search & other, Google subscriptions, platforms, and devices, and YouTube ads.

• Google Cloud revenues increased 32% to $13.6 billion, led by growth in Google Cloud Platform (GCP)
across core GCP products, AI Infrastructure, and Generative AI Solutions.

• Total operating income increased 14% and operating margin was 32.4%. Operating margin benefited from
strong revenue growth and continued efficiencies in the expense base, partially offset by a charge related to
a settlement in principle of certain legal matters.

• Net income increased 19% and EPS increased 22% to $2.31.

Earnings Release

Earnings Slides