GOOGL Alphabet (GOOGL) Q2 FY25 earnings call
Alphabet delivered a strong second quarter, fueled by robust AI integration across its product portfolio, driving double-digit growth in Search, YouTube, and Cloud. Significant demand for AI-powered cloud services led to a substantial increase in CapEx guidance for 2025 and beyond, signaling continued investment in infrastructure. While core advertising and subscriptions performed well, the company navigates a tight supply environment for compute and increased operating expenses, including a notable legal settlement.
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GOOGL operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | This call Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Average weekly trips Waymo | 150K+It's now averaging over 150,000 trips each week and growing.Source: earnings call transcript | 250K+And finally, Waymo is now safely serving over 0.25 million paid passenger trips each week.Source: earnings call transcript | — | — | 400K+In December, we surpassed 20 million fully autonomous trips and are now providing more than 400,000 rides every week.Source: earnings call transcript | 500K+Waymo also surpassed 500,000 fully autonomous rides per week, doubling in less than a year.Source: earnings call transcript | — | — |
| Paid subscribers | — | 270M+In subscriptions, we surpassed 270 million [ subscriptions ] with YouTube and Google One as key drivers.Source: earnings call transcript | — | — | 325M+We have over 325 million paid subscriptions across consumer services with strong adoption for Google One and YouTube Premium.Source: earnings call transcript | 350MOverall, the number of paid subscriptions has now reached 350 million with YouTube and Google One being the key drivers.Source: earnings call transcript | — | — |
| Monthly active users (MAU) Gemini app | — | — | 450M+The Gemini app now has more than 450 million monthly active users, and we continue to see strong growth in engagement with daily requests growing over 50% from Q1.Source: earnings call transcript | 650M+The Gemini app now has over 650 million monthly active users, and queries increased by 3x from Q2.Source: earnings call transcript | 750M+And our Gemini app now has over 750 million monthly active users.Source: earnings call transcript | — | 950MNext, the Gemini app, which now has 950 million monthly active users with daily active users tripling in the last year.Source: earnings call transcript | — |
| Google Cloud backlog | — | — | $106BGoogle Cloud backlog increased 18% sequentially in Q2 and 38% year-over-year, reaching $106 billion at the end of the quarter.Source: earnings call transcript | $155BCloud backlog grew 46% quarter-over-quarter to $155 billion.Source: earnings call transcript | $240BGoogle Cloud's backlog increased 55% sequentially and more than doubled year-over-year, reaching $240 billion at the end of the fourth quarter.Source: earnings call transcript | $462BGoogle Cloud's backlog nearly doubled sequentially, reaching $462 billion at the end of the first quarter.Source: earnings call transcript | $514BCloud revenue grew 82% powered by strong demand for AI infrastructure and AI solutions and Cloud backlog grew to $514 billion.Source: earnings call transcript | +11.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.