Huan Qiu Wang Zi Xun·2025-10-30 07:03Core Insights - Alphabet's Q3 2025 revenue surpassed $100 billion for the first time, reaching $102.35 billion, a 16% year-over-year increase from $88.27 billion [1][4] - The company's net profit for Q3 was $34.98 billion, a significant 33% increase from $26.30 billion in the same quarter last year [1][4] Revenue Breakdown - Google Cloud revenue for Q3 was $15.16 billion, exceeding analyst expectations of $14.75 billion, contributing significantly to overall growth [4][5] - Google Services revenue reached $87.05 billion, surpassing the expected $84.67 billion, providing stable support for the company's operations [4] - Google Search and other revenues amounted to $56.57 billion, exceeding the forecast of $54.99 billion, reinforcing the competitiveness of the core search business [4] - YouTube ad revenue was $10.26 billion, above the anticipated $10.03 billion, indicating a robust advertising ecosystem [4] - Overall advertising revenue for Alphabet was $74.18 billion, higher than the expected $72.46 billion, maintaining strong vitality as the core profit source [4] Future Capital Expenditure - Alphabet plans to increase its capital expenditure for the year to between $91 billion and $93 billion, significantly above the market estimate of $84.04 billion [4] - The additional capital expenditure will primarily focus on infrastructure development, particularly data centers, to support the company's growing AI product offerings [4]