Alphabet(US:GOOGL) 智通财经网·2025-10-30 00:17Core Insights - Alphabet reported better-than-expected Q3 earnings with revenue of $102.35 billion, a 16% year-over-year increase, surpassing market expectations of $99.89 billion [1] - Adjusted earnings per share were $3.10, exceeding the forecast of $2.33 [1] - The strong performance was driven by the cloud division, which saw significant growth due to increased demand from AI startups [1][7] Financial Performance - Q3 revenue reached $102.35 billion, up from $88.5 billion in the same quarter last year [1] - Net profit increased to $34.97 billion, or $2.87 per share, compared to $26.3 billion, or $2.12 per share, in the previous year [1] - Google Cloud revenue was $15.16 billion, a 35% increase year-over-year, exceeding expectations of $14.75 billion [7] Cloud Business Growth - The cloud division is viewed as Alphabet's strongest growth engine, with a backlog of $155 billion in orders [7] - The number of new Google Cloud Platform (GCP) customers increased by nearly 34% year-over-year, with a significant rise in contracts exceeding $1 billion [8] - Google Cloud's operating income was $3.59 billion, surpassing analyst expectations of $3 billion [7] AI Investments - Alphabet is significantly increasing its capital expenditures for AI, with projections of $91 billion to $93 billion for the year, up from earlier estimates of $75 billion to $85 billion [4] - The company is integrating its Gemini AI model into various products, including search, to enhance competitiveness against Amazon and Microsoft [7] Advertising Revenue - Search advertising revenue reached $56.6 billion, exceeding analyst expectations of $55 billion [9] - The traffic acquisition cost (TAC) was $14.87 billion, slightly above the expected $14.82 billion [9] YouTube Performance - YouTube generated $10.3 billion in revenue, surpassing the forecast of $10 billion, with significant growth in podcast viewership and paid subscriptions [11] - YouTube Shorts is performing well, with revenue per viewing hour exceeding traditional video content [12] Other Ventures - Alphabet's "Other Bets" segment, which includes Waymo and Verily, reported revenue of $344 million but incurred a loss of $1.43 billion, better than the expected $1.2 billion loss [11] - Waymo is expanding its services to new cities and has received permits for fully autonomous driving in specific areas [13] Employee Growth - As of the end of September, Alphabet had approximately 190,000 employees, an increase of over 8,000 from the previous year [14] - Following the earnings report, Alphabet's stock price rose by 6.4%, reaching a new high for the year [14]