Overview
- Alphabet reported Q3 revenue of $102.34 billion, its first $100 billion quarter, as ads rose 12% and shares gained about 6% after hours.
- Google Cloud revenue jumped to $15.15 billion, up roughly 33% year over year, and Gemini usage reached about 650 million monthly users with AI updates boosting Search queries.
- Alphabet lifted its 2025 capital expenditure outlook to $91–93 billion, with the bulk directed to servers, data centers, and networking for AI workloads.
- Meta posted $51.24 billion in Q3 revenue but net income fell to about $2.7 billion after a one-time $15.9 billion tax charge, and the stock dropped roughly 7–9% in late trading.
- Meta said it spent $19.37 billion on infrastructure in Q3, expects 2026 outlays to be notably larger than 2025, and continued to absorb Reality Labs losses of about $4.4 billion on $470 million in revenue.