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<Results>Alphabet Leaps 5% in After-hrs Trading as 3Q Rev. Surpasses US$100B for 1st Time, Cloud Biz Rev. Grows 34%
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Alphabet (GOOG.US) announced after the market closed on Wednesday that, benefiting from strong demand for AI, its 3Q25 revenue increased by 16% YoY to US$102.35 billion, surpassing the US$100 billion mark for the first time. Net income rose by 33% to US$34.98 billion, with diluted EPS at US$2.87. The stock advanced 5% in after-hours trading session. During the quarter, services revenue grew by 14% to US$87.1 billion. Of which, YouTube advertising revenue amounted to US$10.26 billion, beating market expectations of US$10.01 billion. Google Cloud revenue was US$15.15 billion, up 34% YoY. With the growth across its business and demand from Cloud customers, the Company stated that it now expected 2025 capital expenditures to be in a range of US$91 billion to US$93 billion, further increasing from the earlier forecast of US$85 billion. AASTOCKS Financial News Website: www.aastocks.com |
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