Google's second quarter earnings rose 22% to $2.31 per share, surpassing consensus estimates, while gross revenue increased 14% to $96.43 billion despite currency exchange headwinds. Capital spending projections for 2025 were raised to $85 billion, a significant increase from $75 billion, reflecting growth in cloud services. Internet search advertising revenue was reported at $54.19 billion, cloud revenue at $13.62 billion, and YouTube ad revenue at $9.79 billion, all exceeding estimates. Google stock fell initially but rebounded in extended trading.
Google's Q2 earnings rose 22% to $2.31 per share, with gross revenue up 14% to $96.43 billion, beating analyst estimates. However, stocks initially fell due to increased capital spending expectations for 2025, which rose to $85 billion from $75 billion.
Capital spending is expected to jump 62% in 2025, up from a 43% increase, reflecting strong demand in cloud products and services according to analysts. Google also exceeded estimates in all key revenue areas: internet search advertising and cloud computing.
Collection
[
|
...
]