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Alphabet reports Q4 2025: Google Cloud up 48%, Gemini at 750M users, YouTube crosses $60B
Alphabet reported Q4 2025 earnings with annual revenue surpassing $400 billion for the first time. Google Cloud revenue reached $17.7 billion (up 48% YoY) with operating margin jumping to 30% from 17% a year ago.
What changed
The cloud backlog surged 55% quarter over quarter to $240 billion.
Gemini: Google's Gemini app has grown to 750 million monthly active users, up from 650M last quarter. ChatGPT leads with an estimated 810M MAUs, while Meta AI trails at nearly 500M. Google also reported processing over 10 billion tokens per minute via direct API use. For you, this means Gemini is rapidly becoming a mainstream AI interface, and understanding how it surfaces content will matter for visibility.
YouTube: YouTube generated over $60 billion across ads and subscriptions in 2025, with 325 million subscribers across all services. In some countries, YouTube Shorts ads now earn more per hour than in-stream ads. CapEx guidance for 2026 stunned the market: $175–185 billion, nearly double 2025's $91.5 billion.
Google declined to discuss the rumoured $1B/year Apple-Gemini deal.
Why it matters for advertisers
For you, this means Google is betting aggressively on AI infrastructure while its core ads business remains stable: and Shorts is becoming a serious monetisation format worth testing.
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Alphabet reports Q4 2025: Google Cloud up 48%, Gemini at 750M users, YouTube crosses $60B
Alphabet reported Q4 2025 earnings with annual revenue surpassing $400 billion for the first time. Google Cloud revenue reached $17.7 billion (up 48% YoY) with operating margin jumping to 30% from 17% a year ago. The cloud backlog surged 55% quarter over quarter to $240 billion.
Gemini: Google's Gemini app has grown to 750 million monthly active users, up from 650M last quarter. ChatGPT leads with an estimated 810M MAUs, while Meta AI trails at nearly 500M. Google also reported processing over 10 billion tokens per minute via direct API use. For you, this means Gemini is rapidly becoming a mainstream AI interface, and understanding how it surfaces content will matter for visibility.
YouTube: YouTube generated over $60 billion across ads and subscriptions in 2025, with 325 million subscribers across all services. In some countries, YouTube Shorts ads now earn more per hour than in-stream ads. CapEx guidance for 2026 stunned the market: $175–185 billion, nearly double 2025's $91.5 billion.
Google declined to discuss the rumoured $1B/year Apple-Gemini deal. For you, this means Google is betting aggressively on AI infrastructure while its core ads business remains stable: and Shorts is becoming a serious monetisation format worth testing.
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