Q1 25 EPS
$2.81
BEAT +39.75%
Est. $2.01
Q1 25 Revenue
$90.23B
BEAT +1.21%
Est. $89.15B
vs S&P Since Q1 25
+98.1%
BEATING MARKET
GOOGL +129.0% vs S&P +30.9%
Market Reaction
Did GOOGL Beat Earnings? Q1 2025 Results
Alphabet closed out the first quarter of 2025 with a commanding earnings beat, as the Google parent posted diluted EPS of $2.81, a 39.75% beat against the $2.01 consensus estimate, while revenue climbed 12.0% year over year to $90.23 billion, edging … Read more Alphabet closed out the first quarter of 2025 with a commanding earnings beat, as the Google parent posted diluted EPS of $2.81, a 39.75% beat against the $2.01 consensus estimate, while revenue climbed 12.0% year over year to $90.23 billion, edging past the $89.15 billion Wall Street had anticipated. Investors watching the stock closely got a clear answer: the results were broadly strong, though a significant piece of the earnings upside stemmed from $8.00 billion in unrealized gains on non-marketable equity securities that sent other income and expenses soaring to $11.18 billion from $2.84 billion a year earlier. Beneath that windfall, the operating story remained compelling, operating income rose 20% to $30.61 billion, Google Cloud's operating income more than doubled to $2.18 billion, and AI Overviews in Search reached 1.5 billion monthly users. The quarter arrives against a backdrop of intensifying antitrust scrutiny over Google's search dominance, adding a note of caution to an otherwise strong print.
Key Takeaways
- • Broad-based double-digit revenue growth across Google Search, YouTube ads, subscriptions/platforms/devices, and Google Cloud
- • Operating margin expansion of 2 percentage points to 34%
- • $8.0 billion unrealized gain on non-marketable equity securities investment in a private company boosted OI&E
- • AI Overviews engagement driving continued strong Search growth
- • Paid subscriptions surpassing 270 million driven by YouTube and Google One
- • Google Cloud Platform growth across core products, AI Infrastructure, and Generative AI Solutions
GOOGL YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We're pleased with our strong Q1 results, which reflect healthy growth and momentum across the business. Underpinning this growth is our unique full stack approach to AI. This quarter was super exciting as we rolled out Gemini 2.5, our most intelligent AI model, which is achieving breakthroughs in performance and is an extraordinary foundation for our future innovation. Search saw continued strong growth, boosted by the engagement we're seeing with features like AI Overviews, which now has 1.5 billion users per month. Driven by YouTube and Google One, we surpassed 270 million paid subscriptions. And Cloud grew rapidly with significant demand for our solutions.”
— Sundar Pichai, Q1 2025 Earnings Press Release
GOOGL Earnings Trends
GOOGL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOGL EPS Trend
Earnings per share: estimate vs actual
GOOGL Revenue Trend
Quarterly revenue: estimate vs actual
GOOGL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.11 | — | $109.90B | +2.67% |
| Q4 25 BEAT FY | $2.63 | $2.82 | +7.22% | $113.83B | — |
| FY Full Year | $10.60 | $10.81 | +2.03% | $402.84B | +0.62% |
| Q3 25 BEAT | $2.27 | $2.87 | +26.70% | $102.35B | +2.20% |
| Q2 25 BEAT | $2.20 | $2.31 | +5.04% | $96.43B | +2.61% |
| Q1 25 BEAT | $2.01 | $2.81 | +39.75% | $90.23B | +1.21% |
| Q4 24 BEAT FY | $2.13 | $2.15 | +0.94% | $96.47B | — |
| FY Full Year | — | $8.04 | — | $350.02B | — |
| Q3 24 BEAT | $1.84 | $2.12 | +15.22% | $88.27B | +2.28% |
| Q2 24 BEAT | $1.84 | $1.89 | +2.72% | $84.74B | +0.65% |
| Q1 24 BEAT | $1.51 | $1.89 | +25.17% | $80.54B | +2.48% |
| Q4 23 BEAT FY | $1.59 | $1.64 | +3.14% | $86.31B | +1.15% |
| FY Full Year | — | $5.80 | — | $307.39B | — |
| Q1 23 BEAT | $1.06 | $1.17 | +10.38% | $69.79B | +1.31% |
| Q4 22 MISS FY | $1.18 | $1.05 | -11.02% | $76.05B | -0.63% |
| FY Full Year | — | $4.56 | — | $282.84B | — |