Q3 2025 Earnings — Results of Operations

Revenue hit $102.3 billion — Alphabet's first-ever $100 billion quarter — with every major business segment delivering double-digit growth, including Google Cloud surging 34% to $15.2 billion. Capital expenditure guidance was raised to $91–$93 billion for 2025 to meet surging AI and Cloud demand, signaling Alphabet is betting aggressively that its full-stack AI strategy (Gemini now at 650 million monthly active users) will sustain this growth trajectory.