Alphabet (GOOGL) Q4 2025 earnings

Alphabet It will report fourth-quarter earnings after the bell on Wednesday.

The expectations of analysts participating in the LSEG survey are as follows:

• Earnings per share: $2.63
• Revenues: $111.43 billion

Wall Street is also watching several other figures from the report. The expectations of analysts participating in the StreetAccount survey are as follows:

• Google Cloud: $16.18 billion
• YouTube advertising: $11.84 billion
• Traffic acquisition costs: $16.20 billion

Alphabet’s latest earnings results will test how much support the company can gain from Wall Street.

Shares of Alphabet, one of the Street’s top performers of 2025, are up more than 70% in the past six months. Last month, Google became the fourth member of the $4 trillion club, joining Nvidia, Microsoft and Apple, other companies that have reached that milestone.

Wall Street will be looking for more details about Google’s recently announced deal to replace Apple’s AI features, including its Siri virtual assistant, with the search company’s Gemini AI models. The deal is one of the most notable yet for Gemini because Apple’s user base stands at 2.5 billion active devices.

In the fourth quarter, Google made a number of important announcements.

In November, the company launched the Gemini 3 models to strong reviews. Google also released the seventh generation of its tensor processing units called Ironwood. Alphabet’s driverless vehicle unit Waymo has also begun rolling out robotaxi routes on highways in three major US cities; This marked a major milestone for the ride-hailing company.

Google’s AI infrastructure boss Amin Vahdat told employees that the company must double its service capacity every six months to meet demand for AI services, CNBC reported in November.

“Competition in artificial intelligence infrastructure is the most critical and also the most expensive part of the artificial intelligence race,” Vahdat said.

In December, Alphabet agreed to acquire data center company Intersect for $4.75 billion in cash and debt assumption.

Since the beginning of the year, Alphabet has made more AI announcements, as well as a deal with Apple. Wednesday’s earnings will be Alphabet’s first opportunity to address investor-related announcements.

In January, the company launched an AI feature in its Gemini chatbot called “Personal Intelligence,” which ties together information from apps like Gmail and Google Photos to provide personalized responses to users. Google also announced a protocol for AI shopping agents, called the Universal Commerce Protocol, as the company looks to maintain its position in AI-powered commerce, which has emerged as one of the biggest battlegrounds in AI facing consumers and businesses.

As part of a licensing deal, Google DeepMind hired the CEO and several of AI voice startup Hume AI’s top engineers. reportedly He plans to use it to improve Gemini’s audio capabilities.

Additionally, Google has filed to appeal a federal judge’s ruling that the company has an illegal monopoly in the main internet search market. An appeal may delay remedies against the company while the legal process continues.

In January, Waymo started operating in Miami.

Earlier this week, Waymo said it had raised $16 billion in funding, valuing the company at $126 billion. The company finished 2025 serving 15 million trips in five major U.S. markets, including Austin, Texas, Atlanta, Los Angeles, Phoenix and the San Francisco Bay Area.

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