Alphabet reports Q2 revenue, net income increases

Alphabet Inc., the parent company of Google, reported second-quarter revenue of 96.4 billion U.S. dollars on Wednesday, up 14 percent year on year.

Announcing its financial results for the quarter ending June 30, the company reported a net income of 28.2 billion dollars, or 2.31 dollars per diluted share, up from 23.6 billion dollars in the same period of 2024.

Of the total quarterly revenue, 82.5 billion dollars came from Google Services, up from 73.9 billion dollars in the second quarter of 2024. Google Cloud Platform revenue hit 13.6 billion dollars.

Total quarterly operating income increased by 14 percent to 31.27 billion dollars, and the operating margin was 32.4 percent. Operating margin benefited from strong revenue growth and continued efficiencies in the expense base.

"We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace," said Alphabet CEO Sundar Pichai.

"AI is positively impacting every part of the business, driving strong momentum," he added.