Alphabet reports Q4 revenue up 18% YoY to $113.8B, Google Cloud revenue up 48% to $17.7B, Google Services revenue up 14% to $95.9B, net income up 30% to $34.46B
MOUNTAIN VIEW, Calif. - February 4, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025.
Alphabet
Context & Ripple Effects
Alphabet's latest quarter extends a multiyear pattern of expanding revenue and profit, following a prior Q4 with 12% revenue growth and 14% growth in the following Q2. The current acceleration is notable because both its largest operating segment and Cloud grew faster than in those reported periods.
Cloud had already moved from 26% growth in the 2024 Q4 results to 48% in this quarter, while Google Services remains Alphabet's dominant revenue base. That combination gives the company growth in both its core distribution business and its cloud unit.
First-order effects
Alphabet enters the new period with higher revenue and net income, while Google Services remains the immediate financial anchor at $95.9B in quarterly revenue.
Google Cloud's 48% growth makes it the fastest-growing reported major segment, increasing its weight in Alphabet's incremental revenue growth.
Second-order effects
The gap between Cloud's growth rate and Services' growth rate raises the strategic importance of converting cloud demand into sustained revenue, even as Services continues to supply most of Alphabet's scale.
Other large cloud providers face a clearer benchmark: Google Cloud is growing quickly from a smaller revenue base, making customer retention and workload wins more consequential across the sector.
Third-order effects
If this mix persists, Alphabet's earnings profile could become less exclusively tied to Google Services as cloud contributes a larger share of growth—an instance of the broader compute monetization pivot.
The result also reinforces a compute-finance dynamic in which cloud growth must be evaluated alongside the profitability and durability of the company's established services business.
The trend: Large platform companies are increasingly pairing mature, cash-generative services businesses with faster-growing cloud operations to diversify their sources of growth.
Our Q4/FY'25 results are in. Thanks to our partners & employees, it was a tremendous quarter, exceeding $400B in annual revenue for the first time. Our full AI stack is fueling our progress, and Gemini 3 adoption has been faster than any other model in our history. We're really […
$GOOG down 1% on these results is hard to believe and speaks to investors fears are not going away. Good news is investors over time will likely give the stock credit. Last week $AAPL's blowout the quarter yielded the stock down about 2% the next day. Since then it's up 9%
Whoa - Google's biggest ad revenue and overall revenue quarter ever at $113B (overall) and $82B (ad revenue) - here are the charts https://www.seroundtable.com/ ... [image]
“Tremendous quarter for Alphabet — annual revenues exceeded $400 billion for the first time.” - Sundar Pichai $GOOG results: - Search +17% - YouTube +9% - Cloud +48% Biggest question = Capex guide ($175 to $185 billion) — double what it was in 2025. [image]
YouTube's ad revenue for the year came in at just over $40.3B. Impressive. To compare, Netflix's annual ad revenue was $1.5 billion — although it's impossible to compare businesses — BUT that's still about $10 billion LESS than what Reels ~alone~ generated in annual run rate.
Also in Alphabet's earnings: Google surpassed 325 million paid subscriptions, led by Google One and YouTube Premium. Up just under 20 percent compared to Q1 2025. Both ads + subs business is growing healthily. I imagine this will come up in Ted Sarandos' regulatory convos...
Alphabet CEO guiding to $175-185B in FY26 capex vs $91.4B in FY25 [YoY increase of ~92-102%] “To meet customer demand and capitalize on the growing opportunities we have ahead of us, our 2026 CapEx investments are anticipated to be in the range of $175 to $185B.” $GOOG $GOOGL [im…
Google does it again. Another incredible report... Google just grew cloud *48%* Revenue grew 18% Search grew 17% Gemini has 750 million monthly users More than 350 million paid subscriptions $GOOG $GOOGL
$GOOGL posted $400B+ in annual revenue with Gemini scaling to 10B+ tokens per minute and 750M MAUs alongside record Search usage. YouTube also passed $60B in annual revenue and Cloud exited 2025 at a $70B+ run rate. [image]
Meta plans to spend up to $135B on capex this year Google plans to spend up to $185B on capex this year How exactly do OpenAI and Anthropic not fall behind without raising $100B rounds, or going public, this year? Maybe more importantly, does AI spending double in 2027 again?
YouTube eclipsed $60 billion in sales last year — more than every entertainment company on earth other than Disney. (And that's only if you include parks.) https://www.hollywoodreporter.com/ ...