谷歌GOOGL_2025 年三季度业绩初步点评

29 October 2025 | 4:35PM EDT Equity Research Alphabet Inc. (GOOGL): Q3'25 Earnings First Take We expect the market to have a positive reaction to Alphabet's Q3'25 earnings report based upon our first read/analysis of the results. Some highlights – both Search and Other and YouTube revenues exceeded our forecasts by ~2% and Google Cloud revenue exceeded our above Street estimate and grew +34% YoY. Continuing with the AI themes, Alphabet raised its 2025 capex forecasts from ~$85bn to $91-93bn and announced a ...