Net income increased 19% to $28.1 billion and EPS increased 22% to $2.31 compared to last year.
The results beat expectations but the stock was down 1% in aftermarket hours on Wednesday.
Google Services revenues increased 12% to $82.5 billion, helped by strong performance across Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 32% to $13.6 billion, led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions.
“We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability.” – Sundar Pichai, CEO
Prior performance
