"Alphabet reported third-quarter earnings that beat analyst expectations. Shares rose 5% in after-hours trading. Here's how the company did, compared with estimates from analysts polled by LSEG: Revenue: $102.35 billion vs. $99.89 billion estimated Earnings per share: $3.10 adj. vs $2.33 estimated Wall Street was also watching several other numbers in the report: YouTube advertising revenue: $10.26 billion vs. $10.01 billion, according to StreetAccount Google Cloud revenue: $15.15 billion vs. $14.74 billion, according to StreetAccount"
""With the growth across our business and demand from Cloud customers, we now expect 2025 capital expenditures to be in a range of $91 billion to $93 billion," the company said in its earnings report Wednesday. "Looking out to 2026, we expect a significant increase in CapEx and will provide more detail on our fourth quarter earnings call," said finance chief Anat Ashkenazi on the earnings call with investors Wednesday."
"The latest earnings show the company is seeing rising demand for its AI services, which largely sit in its cloud unit. It also shows the company is continuing to spend more to try and build out more infrastructure to accomodate the backlog of customer requests. "We continue to drive strong growth in new businesses. Google Cloud accelerated, ending the quarter with $155 billion in backlog," CEO Sundar Pichai said in the earnings release."
Alphabet reported third-quarter revenue of $102.35 billion and adjusted earnings per share of $3.10, both above analyst estimates. YouTube advertising revenue reached $10.26 billion, slightly above expectations. Google Cloud revenue rose to $15.15 billion, reflecting strong demand for artificial intelligence services. Traffic acquisition costs were $14.87 billion. Alphabet raised its 2025 capital expenditures outlook to $91–$93 billion and signaled a significant CapEx increase in 2026. Most CapEx will fund technical infrastructure such as data centers. Google Cloud ended the quarter with a $155 billion backlog driven by enterprise AI infrastructure demand, including chips.
Read at www.cnbc.com
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