Alphabet beats earnings expectations, raises spending forecast
Publishing timestamp: 2025-07-23 16:00:01
Summary
Alphabet reported second-quarter results that beat on revenue and earnings, leading to a 3% increase in shares in after-hours trading. The company plans to increase its capital expenditures for 2025 to $85 billion due to strong demand for its Cloud products and services. Revenue grew 14% year over year, higher than expected, and the company's net income increased nearly 20%. Despite increased spending on AI talent and legal expenses, Alphabet remains optimistic about future revenue growth.
Sentiment: POSITIVE
Tickers: GOOGL,
Keywords: internet, google, breaking news: technology, shopify inc, technology, alphabet inc, earnings, business news,
Source: https://www.cnbc.com/2025/07/23/alphabet-google-q2-earnings.html