Alphabet(US:GOOG)2025-10-30 01:55Financial Performance - Revenues for the three months ended September 30, 2025, were $102,346 million, representing a 15.4% increase from $88,268 million in the same period of 2024[18] - Net income for the nine months ended September 30, 2025, was $97,715 million, up 32.8% from $73,582 million in the same period of 2024[18] - Comprehensive income for the three months ended September 30, 2025, was $35,052 million, compared to $28,085 million in the same period of 2024, reflecting a 24.8% increase[21] - Total revenues for the nine months ended September 30, 2025, were $289.007 billion, compared to $253.549 billion for the same period in 2024, reflecting a growth of approximately 14%[70] - Total revenues for Q3 2025 reached $102.3 billion, a 15.9% increase from $88.3 billion in Q3 2024[39] - Net income for the nine months ended September 30, 2024, was $73,582 million, compared to $97,715 million for the same period in 2025, reflecting a year-over-year increase of 32.8%[28] Expenses and Costs - Research and development expenses increased to $15,151 million for the three months ended September 30, 2025, compared to $12,447 million in the same period of 2024, reflecting a 21.7% rise[18] - Total costs and expenses for the three months ended September 30, 2024, were $59,747 million, which increased to $71,118 million in 2025, indicating a rise of about 18.9%[18] - Stock-based compensation expense for the nine months ended September 30, 2025, was $18,011 million, compared to $16,975 million for the same period in 2024, showing an increase of 6.1%[28] - The provision for income taxes for the nine months ended September 30, 2025, was $21.994 billion, compared to $13.990 billion in 2024, marking a significant increase of 57.1%[128] Assets and Equity - Total assets grew from $450,256 million as of December 31, 2024, to $536,469 million as of September 30, 2025, indicating an increase of 19.1%[16] - Total stockholders' equity as of September 30, 2024, was $314,119 million, up from $283,379 million as of December 31, 2023, indicating a growth of 10.8%[24] - Total stockholders' equity as of September 30, 2025, was $386,867 million, compared to $314,119 million as of September 30, 2024, indicating an increase of about 23.1%[25] Cash Flow and Investments - Cash provided by operating activities for the nine months ended September 30, 2025, was $112,311 million, an increase from $86,186 million in the same period of 2024, representing a growth of 30.4%[28] - Cash and cash equivalents at the end of the period for September 30, 2025, were $23,090 million, compared to $19,959 million at the end of September 30, 2024, reflecting an increase of 15.5%[28] - The company incurred net cash used in investing activities of $68,515 million for the nine months ended September 30, 2025, compared to $29,356 million in 2024[28] - As of September 30, 2025, the total investments measured at fair value amounted to $86.446 billion, with cash and cash equivalents at $23.090 billion and marketable securities at $75.406 billion[46] Revenue Segments - Google Search & other revenues increased from $49.4 billion in Q3 2024 to $56.6 billion in Q3 2025, representing a growth of 14.4%[39] - Google Cloud revenues grew by 33.5% year-over-year, from $11.4 billion in Q3 2024 to $15.2 billion in Q3 2025[39] - Google advertising revenue for the nine months ended September 30, 2025, was $212,407 million, up from $192,129 million in 2024, marking an increase of about 10.5%[39] - Google Services revenue increased from $76,510 million in Q3 2024 to $87,052 million in Q3 2025, representing a growth of 20.2%[133] Shareholder Actions - The company repurchased $46,671 million of stock during the nine months ended September 30, 2024, compared to $40,210 million in the same period of 2025, indicating a 16.5% increase in stock repurchases[28] - In Q3 2025, Alphabet repurchased $11.6 billion of Class A and Class C shares, totaling $40.1 billion for the nine months ended September 30, 2025[118] - The Board of Directors authorized an additional $70.0 billion for share repurchases in April 2025, with $74.8 billion remaining available as of September 30, 2025[119] - The company declared dividends of $0.62 per share for the nine months ended September 30, 2025, totaling $7,623 million, compared to $5,055 million for the same period in 2024[25] Legal and Regulatory Matters - The company plans to continue facing heightened regulatory scrutiny, which may affect business practices and financial results[14] - A €3.0 billion fine (approximately $3.5 billion) was imposed by the European Commission for antitrust violations related to advertising technology, which was accrued in Q3 2025[106] - The company is appealing the European Commission's ruling regarding the €3.0 billion fine and has engaged with banking partners for bank guarantees[106] - Ongoing legal matters, including antitrust claims and privacy investigations, may result in significant fines and operational changes, but the company believes it has strong arguments against these claims[110] Future Outlook - The company expects to continue investing in new businesses and technologies, particularly in artificial intelligence (AI) products and services[11] - The company anticipates fluctuations in traffic acquisition costs (TAC) and associated TAC rates, which could affect overall margins[11] - The expected timing and successful integration of the Wiz, Inc. acquisition are anticipated to provide significant benefits to the company[14]