Alphabet Inc. Earnings Recaps
Q1 2026
Apr 30, 2026
Headline Summary: Alphabet shares surged 10% after the company reported Q1 earnings, as cloud revenue sharply accelerated and multiple key AI and subscription metrics showed outsized growth that surpassed investor expectations. Key Takeaways:
Key takeaways
- Google Cloud revenue grew 63%, exceeding $20 billion for the first time with cloud backlog nearly doubling quarter-on-quarter to over $460 billion.
- Cloud demand was driven by explosive growth in GenAI products, with revenue from AI model-based offerings up nearly 800% year-over-year and new customer acquisition doubling.
- Search & Other revenue grew 19%, supported by robust usage of new AI-powered features and all-time-high query volumes.
- Paid subscriptions reached 350 million, led by the Gemini app and continued momentum in YouTube and Google One.
- Multiple AI milestones highlighted, including 40% sequential growth in Gemini Enterprise paid users and over 500 million downloads of open-source AI models.
Q3 2025
Oct 30, 2025
Alphabet achieved record-breaking performance in Q3 2025, marking its first-ever $100 billion revenue quarter, primarily fueled by substantial growth across its AI-driven segments.
Key takeaways
- Revenue doubled from Q3 2020 to $100 billion in Q3 2025, showcasing robust growth across all business segments.
- Google Cloud backlog surged 46% to $155 billion, with accelerated demand for AI products driving increased customer acquisition and larger deals.
- Monthly active users for the Gemini app reached 650 million, with a 3x increase in queries from Q2, highlighting the growing adoption of AI capabilities.
- Strong performance in Search, influenced by AI innovations such as AI Overviews and AI Mode, contributed to significant query growth and improved user engagement.
- Paid subscriptions exceeded 300 million, bolstered by increases in Google One and YouTube Premium, indicating successful monetization strategies.