Google Q2 net profit rose 19% to raise full-year capital expenditure forecast to $85 billion
2025-07-23 21:25:31
Google (GOOG. O) parent company Alphabet's second-quarter net profit rose 19% year-on-year to $28.196 billion, and revenue rose 14% to $96.43 billion, beating market expectations of $94 billion. Q2 Google services revenue rose 12% to $82.50 billion, including YouTube advertising revenue of $9.79 billion; Google Cloud revenue rose 32% to $13.60 billion, beating expectations of $13.11 billion. The company expects capital expenditure to reach $85 billion this year on the back of increased investment in artificial intelligence, compared with $75 billion expected earlier this year.
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