Core Insights - Alphabet's Q3 2025 financial results exceeded market expectations, with revenue surpassing $100 billion for the first time, leading to a stock price increase of over 6% in after-hours trading [1][3] - CEO Sundar Pichai highlighted a significant growth trajectory, noting that quarterly revenue has doubled from $50 billion five years ago [1][3] Financial Performance - Q3 revenue reached approximately $102.35 billion, a 16% increase from $88.27 billion year-over-year, and a 15% increase when adjusted for constant currency [3] - Net profit for the quarter was $34.98 billion, up 33% from $26.3 billion in the same period last year [3] Revenue Breakdown - Alphabet's revenue is primarily derived from three segments: advertising, cloud services, and other businesses (including Google Play, hardware, and YouTube subscriptions) [3] - Advertising revenue for Q3 was $74.2 billion, showing an overall growth of 9.9%, with search revenue at $56.56 billion, a 15% year-over-year increase [3][4] Cloud Business Growth - The cloud segment reported revenue of $15.15 billion, a 35% increase year-over-year, surpassing expectations of $14.74 billion [4] - The backlog of unfulfilled orders in the cloud business reached $155 billion, indicating sustained growth potential with expected revenue growth rates above 30% [4] AI and Market Position - Despite increasing competition in AI, Google's search and advertising sectors continue to show robust growth, attributed to the strength of its ecosystem and AI-driven enhancements [3][4] - Analysts believe that Google's current position allows it to benefit from the AI wave, with a positive outlook on its business performance in the near term [4][5]