Alphabet Inc. reported Q3 2025 revenue of $102.3 billion, marking its first-ever $100 billion quarter and representing 16% year-over-year growth. Google Cloud revenue increased 34% to $15.2 billion, while Google Search & other revenue grew to $56.6 billion.
Net income rose 33% to $35 billion, with earnings per share increasing 35% to $2.87. Operating margin reached 33.9% excluding a $3.5 billion European Commission antitrust fine. The company raised its 2025 capital expenditure guidance to $91-93 billion, up from previous estimates.
Gemini AI usage metrics showed significant adoption, with the Gemini App reaching 650 million monthly active users. The company’s AI models now process 7 billion tokens per minute via direct API access. Google Cloud backlog grew to $155 billion, reflecting strong demand for AI infrastructure and generative AI solutions.
CEO Sundar Pichai attributed growth to the company’s “full stack approach to AI,” highlighting rapid deployment of AI Overviews and AI Mode in Search. YouTube ads revenue reached $10.3 billion, up from $8.9 billion in Q3 2024. Google subscriptions, platforms, and devices revenue grew to $12.9 billion.
**Why it matters:** Alphabet’s first $100B quarter demonstrates sustained momentum in cloud computing and AI services despite regulatory headwinds. The 34% Google Cloud growth rate and $155B backlog signal enterprise adoption of AI infrastructure is accelerating. Raised CapEx guidance ($91-93B) indicates continued heavy investment in data centers and AI compute capacity, positioning the company for long-term AI market dominance.
**By the numbers:**
– **$102.3B:** Q3 2025 revenue (first $100B+ quarter)
– **34%:** Google Cloud YoY revenue growth
– **650M:** Gemini App monthly active users
– **7B:** Tokens processed per minute via Gemini API
– **$155B:** Google Cloud backlog
– **$91-93B:** Raised 2025 CapEx guidance
– **$3.5B:** European Commission antitrust fine
**Source:** Alphabet Inc. Q3 2025 earnings release (October 29, 2025)
