• by Laurie Sullivan  @lauriesullivan, April 24, 2025

Despite antitrust monopoly challenges that have been working their way through global judicial systems, Alphabet reported revenue for Q1 2025 rose 12% year-over-year to $90.2 billion reflecting momentum across the business.

Google Search & Other, YouTube ads, Google subscriptions, platforms, and devices, and Google Cloud each delivered double-digit growth rates, the company said.

“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.” Google CEO Sundar Pichai stated. “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.”

He added that Google surpassed 270 million paid subscriptions driven by YouTube and Google One. Cloud grew rapidly, also with significant demand.

Google Services revenue rose 10% to $77.3 billion, with strong performance across Google Search & Other, Google subscriptions, platforms, and devices, and YouTube ads.

Google Cloud revenue rose 28% to $12.3 billion, led by Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions.

Net income rose 46% and EPS increased 49% to $2.81. The company also raised dividends 5%, resulting in a quarterly cash dividend of $0.21.

“The solid results for search also indicate that Google has so far managed the transition to AI Overviews, although it still faces long-term threats from generative search competitors like ChatGPT and potentially many others pending the outcome of the remedies hearings in the search antitrust trial,” Emarketer Principal Analyst Yory Wurmser shared in an email.

He wrote that Google Network weighed down overall ad revenues, but this comes as no surprise, with Q1 2025 becoming the eleventh straight quarter of negative growth.