"YouTube's ads business grew 15% year-over-year to $10.26 billion. Google's cloud business grew 24% to $15.16 billion. Other business lines, such as search and its subscriptions, platforms and devices unit also saw double-digit growth last quarter. The company also raised its 2025 capital expenditures forecast to $91 billion and $93 billion, citing strong and growing demand for its cloud products and services."
"Google, like tech rival Apple, has been looking to increase its software sales through subscriptions to applications such as its Google One cloud storage program and YouTube Premium. The company said Wednesday it has surpassed 300 million paid subscriptions in total. (For context, Apple said it surpassed 1 billion paid subscriptions in 2023, but it makes far less money on advertising than Google.)"
"Alphabet's business, which is comprised mostly of Google advertising revenues, continues to flourish despite regulatory pressure. A federal judge ruled last month that Google won't be forced to spin off its popular Chrome browser or divest its Android operating system, despite losing a landmark search antitrust case waged against it by the Justice Department. Those remedies represented a huge win for the tech giant in Washington, as it looks to grow its business in the AI era."
Alphabet's YouTube ads business grew 15% year-over-year to $10.26 billion, and Google's cloud business grew 24% to $15.16 billion. Other lines including search, subscriptions, and platforms and devices also saw double-digit growth. Capital expenditures projected for 2025 were raised to $91–$93 billion, driven by strong demand for cloud products and services. Software subscription efforts such as Google One and YouTube Premium contributed to a total exceeding 300 million paid subscriptions. Alphabet's ad-centric business remains robust despite regulatory pressure. A federal judge blocked forced divestitures of Chrome and Android, and ad tech remedies are expected early next year.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]