Net income increased 33% to $35 billion and earnings per share increased 35% to $2.87 compared to last year.
Revenue and earnings beat estimates. The stock rose 5% in aftermarket hours on Wednesday.
Google Services revenues increased 14% to $87.1 billion, reflecting strength across Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads.
Google Cloud revenues increased 34% to $15.2 billion, led by growth in Google Cloud Platform (GCP) across core products, AI Infrastructure and Generative AI Solutions.
“Our full stack approach to AI is delivering strong momentum and we’re shipping at speed, including the global rollout of AI Overviews and AI Mode in Search in record time. In addition to topping leaderboards, our first party models, like Gemini, now process 7 billion tokens per minute, via direct API use by our customers. The Gemini App now has over 650 million monthly active users.” – Sundar Pichai, CEO.
Prior performance
