Alphabet reported its second-quarter earnings, with revenue of $119.8 billion, a 24% year-over-year increase; operating profit of $40.8 billion, up 30% year-over-year; and net income of $112.1 billion, up 298% year-over-year. Google Cloud revenue reached $24.8 billion, exceeding market expectations of $22.5 billion and growing 82% year-over-year. Capital expenditures amounted to $44.9 billion, surpassing the market expectation of $44.2 billion. The CEO stated that AI investments are redefining the entire business.
Alphabet Q2 Revenue Reaches $119.8 Billion; Google Cloud Exceeds Expectations
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Summary
Alphabet reported Q2 revenue of $119.8 billion, a 24% year-over-year increase, with net profit surging 298% to $112.1 billion. Google Cloud revenue reached $24.8 billion, exceeding market forecasts of $22.5 billion and growing 82% annually. Capital expenditures totaled $44.9 billion, also above expectations. On-chain and market data continue to reflect strong performance across key metrics.
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