Alphabet Inc (NASDAQ:GOOG) delivered another strong quarter, beating consensus estimates on both revenue and EPS. Google Services saw robust double-digit growth, with Search, YouTube Ads, and Subscriptions each rising at least 12% year-over-year. Google Cloud continued its strong momentum with 32% revenue growth, but more importantly, showed notable margin expansion—addressing what had long been a sticking point around profitability.
The call also shed light on the growing traction of Alphabet’s AI offerings. Management highlighted that Gemini now boasts over 250 million monthly active users, and advertisers are increasingly leveraging AI-powered tools across Google’s ad platforms. These innovations may be a key factor behind the accelerating ad volume on YouTube.
Within Other Bets, Waymo remains a bright spot. While financials weren’t disclosed, service areas continue to expand, and plans are underway to launch in several new markets, including New York City. For a company knocked for overpromising and underdelivering, this quarter felt like a step in the right direction.
For more details, key highlights, and commentary, check out the high-level earnings summary.
