Alphabet tops $100 billion quarterly revenue for first time, cloud grows 34%
Summary
Alphabet reported its first-ever quarter above $100 billion in revenue, helped by strong growth in Google Cloud and advertising. Cloud revenue rose 34% year over year to $15.15 billion as demand for AI infrastructure and Gemini usage continued to climb. The company raised its 2025 capital spending forecast to $91 billion-$93 billion and signaled even higher spending in 2026, mostly for data centers and technical infrastructure. Management said Google Cloud backlog reached $155 billion and that more than 70% of existing Google Cloud customers use its AI products. The report also showed strong search and YouTube advertising results, while the EU antitrust fine weighed on net income.
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