Overview
- Alphabet posted $96.43 billion in Q2 revenue, up 14 percent, and net income rose 19.4 percent to $28.2 billion.
- The company raised its 2025 AI investment plan by $10 billion to a total of $85 billion to expand its infrastructure and talent pool.
- Search advertising revenue grew 10.4 percent to $71.34 billion while YouTube ad sales climbed 13 percent to $9.8 billion.
- Google Cloud revenue jumped nearly 32 percent to $13.6 billion as Alphabet secured a cloud capacity contract with OpenAI.
- Its AI Overviews feature reached 2 billion monthly users and the Gemini chatbot surpassed 450 million monthly active users.