【Google谷歌母公司】Alphabet Inc.（GOOG）2025年第三季度业绩报告「NASDAQ」（英文版）（11页）.pdf

1、Alphabet Announces Third Quarter 2025 ResultsMOUNTAIN VIEW,Calif.October 29,2025 Alphabet Inc.(NASDAQ:GOOG,GOOGL)today announced financial results for the quarter ended September 30,2025.Consolidated Alphabet revenues in Q3 2025 increased 16%,or 15%in constant currency,year over year to$102.3 billio

2、n.Google Search&other,YouTube ads,Google subscriptions,platforms,and devices,and Google Cloud each delivered double-digit growth in Q3.Google Services revenues increased 14%to$87.1 billion,reflecting robust performance across Google Search&other,Google subscriptions,platforms,and devices,and YouTube

3、 ads.Google Cloud revenues increased 34%to$15.2 billion,led by growth in Google Cloud Platform(GCP)across core products,AI Infrastructure and Generative AI Solutions.Total operating income increased 9%and operating margin was 30.5%.Excluding the$3.5 billion charge related to the European Commission(

4、EC)fine,operating income increased 22%and operating margin was 33.9%,benefitting from strong revenue growth and continued efficiencies in the expense base.Other income reflected a net gain of$12.8 billion,primarily the result of net unrealized gains on our non-marketable equity securities.Net income

5、 increased 33%and EPS increased 35%to$2.87.With the growth across our business and demand from Cloud customers,we now expect 2025 capital expenditures to be in a range of$91 billion to$93 billion.“Alphabet had a terrific quarter,with double-digit growth across every major part of our business.We del

6、ivered our first-ever$100 billion quarter,”said Sundar Pichai,CEO of Alphabet and Google.“Our full stack approach to AI is delivering strong momentum and were shipping at speed,including the global rollout of AI Overviews and AI Mode in Search in record time.In addition to topping leaderboards,our f