the parent company of Google and YouTube, recorded a net profit of $132.17 billion in fiscal year 2025, 32% more than the previous year, thanks to its services and the development of artificial intelligence (AI). In the fourth quarter of the year, the most followed on Wall Street, the company had a net profit of 34,455 million (30% more year-on-year) and a turnover of 113,828 million (18% higher), beating analyst estimates of 111,430 million dollars, which it attributed to the growth of the Google Services and Google Cloud segments.
The accumulated turnover of the American technology company set a record of 402,836 million dollars in 2025, 15% more year-on-year. Some 60 billion corresponded to revenue from YouTube advertising and subscriptions, according to a statement.
“Our AI investments and infrastructure are driving revenue and growth everywhere,” said Chief Executive Officer Sundar Pichai, who announced increased capital spending in 2026 to “meet customer demand and capitalize on growing opportunities.” The expected expenditure is between 175,000 and 185,000 million dollars, close to double that of 2025, and much higher than the average expectations of analysts, who expected around 115,260 million dollars in 2026, according to LSEG data.
The strong expansion in investment comes at a time when operators are increasingly concerned about the profitability of investments in artificial intelligence. Alphabet shares on Wall Street fell almost 3%, although they later recovered ground. Alphabet is the third largest listed company in the world, with a .
In the fourth quarter, Google Services concentrated quarterly revenues, some 95.9 billion, driven by the search engine, Google Search, and by Google subscriptions, platforms and devices, as well as YouTube advertising.
In this period, YouTube reached 325 million paid subscriptions, a milestone in which the “strong adoption of Google One and YouTube Premium” counts.
Meanwhile, Google Cloud brought in about 17.7 billion, much less, but it was the engine of growth (48%), thanks to increases in the Google Cloud Platform for business clients that use AI, the note indicates. Pichai highlighted that Google Cloud closed 2025 with an annual run rate of about 70 billion “representing a wide range of consumers, driven by demand for AI products.”
He also maintained that Gemini’s AI models process about 10 billion tokens per minute through direct interfaces used by its clients, and the Gemini application already has about 750 million monthly active users.
On the negative side, Alphabet’s “other bets” section, which includes the self-driving vehicle unit Waymo, slightly reduced its income, to about 370 million, and tripled its operating losses, to 3,617 million.
This week, Waymo announced an investment round of 16 billion that is mostly financed by Alphabet, for which in the last quarter the firm recorded a charge of 2.1 billion for employee compensation, the note adds.
