Alphabet remains on a roll, and its world-beating streaming video platform YouTube is continuing its rise.
Wall Street forecast Alphabet Q2 earnings per share (EPS) of $2.20 on revenue of $94.02 billion. The company, formerly known as Google, posted EPS of $2.31 on $96.4 billion in revenue. Net income was $28.2 billion, up 19 percent.
YouTube ad revenue was expected to come in at $9.6 billion — the UGC platform bested that with roughly $9.8 billion.
“We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well,” Alphabet CEO Sundar Pichai said in a statement. “We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.”
Read last year’s comparable quarterly earnings here, and the most-recent quarterly results here.
In June, YouTube made up 12.8 percent of all TV usage, according to Nielsen, which far exceeded the second-place platform, Netflix, at 8.3 percent. No one else reached 5 percent.
More to come.