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Companies · GOOGL

GOOGL Reported this cycle

Alphabet Inc.

Mountain View, CA Founded 1998 NASDAQ Data Centers

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Latest analysis

Updated Jul 23, 2026

Alphabet FY2025: $402.8B revenue (+15.1% YoY) driven by Google Services growth; streaming and AI monetization accelerating.

Alphabet's consolidated revenue reached $402.84 billion in FY2025, up 15.1 percent from $350.02 billion in FY2024. Google Services, the company's dominant segment, grew to $184.18 billion from $159.81 billion, driven primarily by advertising revenue expansion in both Search and YouTube properties. The document details Google's dual-monetization strategy: traditional paid-click and cost-per-impression metrics on Search and Network properties, complemented by emerging subscription revenue streams (YouTube TV, YouTube Music, Premium, Google One, NFL Sunday Ticket) and device sales. Content acquisition costs for YouTube remain material, structured as revenue-share, subscriber-count, or flat-fee arrangements with content providers. Alphabet operates three reportable segments: Google Services (primary revenue driver), Google Cloud (growth engine), and Other Bets. Centralized AI research and development, focused on frontier model development serving all business units, is reported at the Alphabet level and represents a strategic competitive lever across the portfolio.

Tone: bullish

Revenue

$402.8B

GOOGL 10-K · FY 2025

Employees

190,820

Revenue FY2024

$350B

Founded

1998

Profile

GOOGL 10-K Item 1 · Feb 5, 2026

Alphabet is the parent company of Google, operating across two primary Google segments — Google Services and Google Cloud — plus a portfolio of early-stage Other Bets businesses. Google Services encompasses advertising, consumer subscriptions, platforms, and devices, while Google Cloud provides infrastructure, platform, and AI-powered application services. Alphabet has positioned itself as an AI-first company since 2016, with AI embedded across all major product lines.

Read filing description ↓

Alphabet is a collection of businesses — the largest of which is Google. We report Google in two segments, Google Services and Google Cloud, and all non-Google businesses collectively as Other Bets. Supporting these businesses, we have centralized certain AI-related research and development focused on advanced research in AI and developing the frontier models that serve our businesses, which is reported in Alphabet-level activities. Alphabet's structure is about helping each of our businesses prosper through strong leaders and independence. Google Services' core products and platforms include ads, Android, Chrome, devices, Gmail, Google Drive, Google Gemini, Google Maps, Google Photos, Google Play, Search, and YouTube, with broad and growing adoption by users around the world. Through our Google Cloud Platform and Google Workspace offerings, Google Cloud generates revenues primarily from consumption-based fees and subscriptions for infrastructure, platform, applications, and other cloud services. In Other Bets, our fully autonomous driving technology company, Waymo, is now providing fully autonomous, paid ride-hailing services to customers in multiple cities. Isomorphic Labs is reimagining the drug discovery process from first principles, applying AI to accelerate the development of new medicines. We believe AI is a profound platform shift that can bring meaningful and positive change to people and societies across the world, and to our business. We aim to build the most advanced, safe, and responsible AI through our full-stack approach, which spans AI-optimized infrastructure; world-class research, including models and tooling; and our products and platforms that bring AI to billions of people, developers, and enterprises.

Primary products

  • Google Search
  • YouTube
  • Android
  • Chrome
  • Gmail
  • Google Drive

Business segments

Google Services Google Cloud Other Bets

End markets

advertising enterprise cloud consumer subscriptions autonomous transportation life sciences devices Consumer Hardware

Geographies

Asia Europe North America

Named customers

Advertisers (brands and agencies placing ads on Google Search, YouTube, and Network properties) Google Network partners (distribution partners for default search placement) Content providers (for YouTube content licensing)

We generated more than 70% of total revenues from online advertising in 2025.

Named competitors

Microsoft (cloud, search, AI) Amazon Web Services (cloud) Meta (advertising, social) Apple (devices, ecosystem)
“Competing successfully depends heavily on our ability to continually develop and distribute innovative products and technologies to the marketplace across our businesses.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Total revenues grew from $350.0 billion in 2024 to $402.8 billion in 2025, driven by growth across Google Services, Google Cloud, and offset partially by hedging losses.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

SeventhBiz analysis 6 signals 14 diligence answers 1 M&A transactions SWOT