Overview
- Alphabet posted Q3 2025 revenue of $102.3 billion, up 16% year over year, with diluted EPS rising 35% to $2.87.
- Google Cloud revenue grew 34% to $15.2 billion, and the unit ended the quarter with a $155 billion backlog.
- AI integration advanced with Google’s Search Overview summaries and broad Gemini adoption, which the company says now serves over 650 million monthly active users alongside 300 million paid subscribers across Google One and YouTube Premium.
- A favorable ruling removed the threat of forced breakups, easing the antitrust overhang tied to Chrome and the broader ecosystem.
- Evercore ISI raised its price target to $325 and reaffirmed an Outperform rating, citing stronger-than-expected Q3 results and AI-driven momentum.