Alphabet Q2 2025 Earnings Soar to $84.74B Driven by Google Cloud and Search Growth
In Q2 2025, Alphabet outperformed expectations with $84.74 billion revenue, powered by Google Cloud's 28% growth and robust search performance, signaling strong momentum in AI investments.
Highlights from Alphabet's Q2 2024 Earnings Report
- Alphabet surpassed revenue and earnings forecasts with $84.74 billion in Q2 2024.
- Google Cloud revenue hit $10.35 billion, growing over 28% year-over-year.
- CEO Sundar Pichai emphasized sustained strength in Search and Cloud services.
- CFO Ruth Porat confirmed strategic investments in AI-driven growth opportunities.
Alphabet Inc. (GOOGL) announced impressive second-quarter results for 2024, showcasing robust growth in its core businesses. The company's revenue climbed 14% year-over-year to $84.74 billion, exceeding analyst projections compiled by Visible Alpha. Net income rose to $23.62 billion, or $1.89 per share, up from $18.37 billion, or $1.44 per share, in the previous year.
Google Cloud and Search Propel Revenue and Profit Expansion
CEO Sundar Pichai highlighted that Alphabet’s strong Q2 performance reflects continuous strength in Search and accelerating momentum in Google Cloud. Cloud revenue surpassed $10 billion for the first time, reaching $10.35 billion and representing a 28% year-over-year increase, driven by rising IT expenditures across industries.
CFO Ruth Porat noted that revenue growth was fueled primarily by Search and Cloud segments, with Cloud also delivering over $1 billion in operating profit. She reaffirmed the company’s commitment to investing in its highest growth areas, including significant advancements in artificial intelligence technology.
Following the earnings release, Alphabet shares rose nearly 2%, trading at $184.89 in after-hours markets. The stock has gained approximately 33% since the start of 2024, reflecting strong investor confidence in Alphabet’s growth trajectory.
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