Alphabet, the parent company of Google, today announced financial results for the quarter ended September 30, 2025. Alphabet reported a revenue of $102 billion in Q3 2025, a 16% increase year over year, marking its first $100+ billion in quarterly revenue.
The record revenue was achieved because of double-digit growth in all of Google"s main businesses: Google Search & other, YouTube ads, Google subscriptions, platforms, and devices, and Google Cloud.
Sundar Pichai, CEO of Google and Alphabet said the following regarding the earnings results:
We delivered our first-ever $100 billion quarter. Five years ago our quarterly revenue was at $50 billion. Our revenue number has doubled since then, and we’re firmly in the generative AI era. In parallel, we’ve built for the long term and diversified, with successful businesses in Cloud, YouTube and subscriptions.
Google Services business that includes Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads delivered $87.1 billion in revenue, a 14% growth year over year. Google Search was a real surprise since it posted 14.6% annual growth in revenue despite strong competition from ChatGPT and other AI assistants including Google"s own Gemini.
As expected, Google Cloud business had strong momentum with its revenue increasing 34% to $15.2 billion, thanks to strong growth in Google Cloud Platform (GCP) across core products, AI Infrastructure and Generative AI Solutions.
Recently, GCP signed a cloud deal worth tens of billions of dollars with Anthropic involving a million TPUs and related AI infrastructure. During the earnings call, Alphabet revealed that it signed more Google Cloud deals over $1 billion through Q3 this year than it did in the previous two years combined. Also, Google Cloud"s backlog grew 46% quarter over quarter to $155 billion.
In order to meet the demand from the growth across its businesses and demand from Cloud customers, Alphabet is now expecting this year"s capital expenditures to be in a range of $91 billion to $93 billion.