SUBSCRIPTION ONLY Earnings Reports Google Ups Capex Guidance to At Least $180B as AI Spending Balloons The tech behemoth signaled that its AI spending spree is only accelerating, as it leans on third-party compute to meet surging demand Google posted Q2 earnings after the bell Wednesday. Google, ADWEEK By Kendra Barnett --> The numbers $119.8 billion: Alphabet’s Q2 revenue, up 24% year-over-year (YoY), and outpacing analyst projections of $116.9 billion.
$94.5 billion: Revenues from Google Services, which includes advertising, subscriptions, digital content, and hardware, up 15% YoY.
$24.8 billion: Google Cloud revenue, up 82% YoY thanks to its enterprise AI solutions and enterprise AI infrastructure businesses, and above analyst estimates of $22.46 billion.
34%: Alphabet’s operating margin, up 2%.
$9.11: Earnings per share, representing a 294% increase over the same period last year.
22 billion: Number of API tokens processed per minute by Gemini.
950 million: Monthly active users of the Gemini app.
Kendra Barnett is Adweek's senior tech reporter.
By submitting your email, you agree to our Terms of Use and Privacy Policy . You may opt-out anytime by clicking 'unsubscribe' from the newsletter or from your account.
Select ADWEEK as one of your favorite sources and stay up to date on our latest content.