Companies /Communication Services

Alphabet Inc Class C

NASDAQ: GOOG Internet Content & Information
$337.71
▼ $1.39 (−0.41%) today
Markets closed · 7:45am ET

Q1 2025 Earnings

Reported Apr 24, 2025, 4:01pm ET · SEC source
$2.81
Beat +39.75%
EPS · est. $2.01
$90.2B
Beat +1.21%
Revenue · est. $89.2B
−0.9%
Trailing market
GOOG vs S&P since report
12 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Apr 24Apr 25report 4:01pm ETearnings+0.6%−3.3%
−4%−2%0Apr 24Apr 25earnings+0.6%−3.3%
GOOG −3.3%S&P 500 +0.6%
−4%−2%0Apr 24Apr 25report 4:01pm ETearnings+1.0%−3.3%
−4%−2%0Apr 24Apr 25earnings+1.0%−3.3%
GOOG −3.3%NASDAQ +1.0%
−4%0+4%Apr 23May 2report 4:01pm ETearnings+3.6%−1.3%
−4%0+4%Apr 23May 2earnings+3.6%−1.3%
GOOG −1.3%S&P 500 +3.6%
−4%0+4%Apr 23May 2report 4:01pm ETearnings+4.5%−1.3%
−4%0+4%Apr 23May 2earnings+4.5%−1.3%
GOOG −1.3%NASDAQ +4.5%
+1.47%
Day of report
−0.87%
Next session
+1.20%
One week
+5.82%
30 days

S&P 500 over the same 30 days: +6.74%.

Did GOOG Beat Earnings? Q1 2025 Results

Alphabet closed out the first quarter of 2025 with a commanding earnings beat, as the Google parent posted diluted EPS of $2.81 — a 39.75% beat against the $2.01 consensus estimate — while revenue climbed 12.0% year over year to $90.23 billion, edging past the $89.15 billion Wall Street had anticipated. Investors <a href="https://247wallst.com/investing/2025/10/29/live-alphabet-googl-up-2-before-earnings-will-shares-soar-after-hours/">watching the stock closely</a> got a clear answer: the results were broadly strong, though a significant piece of the earnings upside stemmed from $8.00 billion in unrealized gains on non-marketable equity securities that sent other income and expenses soaring to $11.18 billion from $2.84 billion a year earlier. Beneath that windfall, the operating story remained compelling — operating income rose 20% to $30.61 billion, Google Cloud's operating income more than doubled to $2.18 billion, and AI Overviews in Search reached 1.5 billion monthly users. The quarter arrives against a backdrop of intensifying antitrust scrutiny over Google's search dominance, adding a note of caution to an otherwise strong print.

Key Takeaways
  • Broad-based double-digit revenue growth across Google Search, YouTube ads, subscriptions/platforms/devices, and Google Cloud
  • Operating margin expansion of 2 percentage points to 34%
  • $8.0 billion unrealized gain on non-marketable equity securities investment in a private company boosted OI&E
  • AI Overviews engagement driving continued strong Search growth
  • Paid subscriptions surpassing 270 million driven by YouTube and Google One
  • Google Cloud Platform growth across core products, AI Infrastructure, and Generative AI Solutions

“We're pleased with our strong Q1 results, which reflect healthy growth and momentum across the business. Underpinning this growth is our unique full stack approach to AI. This quarter was super exciting as we rolled out Gemini 2.5, our most intelligent AI model, which is achieving breakthroughs in performance and is an extraordinary foundation for our future innovation. Search saw continued strong growth, boosted by the engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month. Driven by YouTube and Google One, we surpassed 270 million paid subscriptions. And Cloud grew rapidly with significant demand for our solutions.”

Google CEO, on the earnings call

GOOG YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$30.0B$60.0B$90.0B$80.5B$90.2BRevenue$47.1B$53.9BGross Profit$25.5B$30.6BOperating Income$23.7B$34.5BNet Income
$0$30.0B$60.0B$90.0BRevenueGross ProfitOperating IncomeNet Income

GOOG Revenue by Segment

Google Services$77.3B+10.0%
Google advertising
Google Search & other$50.7B+10.0%
Google Cloud$12.3B+28.0%
Google subscriptions, platforms, and devices$10.4B+19.0%
YouTube ads$8.9B+10.0%
Google Network$7.3B
Other Bets$450.0M

GOOG Revenue by Geography

United States$44.0B+13.0%
EMEA$25.9B+9.0%
Asia Pacific$14.9B+12.0%
Other Americas$5.2B+12.0%
Americas

Figures from SEC filings and company reports. Not investment advice.