谷歌：初步观察：广告与云业务收入增速因 AI 需求同比加快，26 年资本支出显著高于预期
2026-02-05 02:22
Flash | 04 Feb 2026 17:13:48 ET │ 12 pages Alphabet Inc (GOOGL.O) 1st Impression: Ads & Cloud Revenue Growth Accelerates Y/Y on AI Demand, '26 CapEx Significantly Higher Than Expected CITI'S TAKE Alphabet's 4Q25 results came in better than expectations, led by Search and Cloud revenue growth significantly exceeding expectations. Total revenue of $114 billion (+17% Y/Y ex-FX) came in ~2% above consensus, led by Search revenue growth of +16.7% Y/Y and Cloud revenue growth accelerating to +47.8% Y/Y. OI of $36 ...