Alphabet closed 2025 with annual revenues surpassing $400 billion for the first time, fueled by rapid AI adoption and strong performance across Search, Cloud, YouTube, and emerging bets like Waymo. CEO Sundar Pichai highlighted the launch of Gemini 3 as a pivotal growth driver, noting the company’s strong momentum heading into 2026.
Search revenue grew 17% year-on-year, driven by AI-powered features that enhanced engagement. In the US, daily AI Mode queries per user doubled, session times tripled, and one in six searches now leveraged voice or image inputs. YouTube generated over $60 billion in revenue through ads and subscriptions, with AI tools supporting more than one million creators daily and 20 million viewers engaging with AI features in December alone.
Google Cloud emerged as one of Alphabet’s fastest-growing segments, posting 48% year-on-year growth and surpassing a $70 billion annual run rate. AI-powered Cloud offerings grew nearly 400% YoY, with 120,000 enterprises—including Salesforce, Shopify, Airbus, and Honeywell-adopting Gemini. Gemini Enterprise quickly sold over eight million paid seats across 2,800 companies, processing more than five billion interactions in Q4 alone. The Gemini app reached 750 million monthly active users, with Gemini 3 Pro adoption setting new records.
Waymo expanded rapidly, completing over 20 million fully autonomous trips and 400,000 weekly paid rides, while entering new cities in the US, UK, and Japan. Alphabet plans capital expenditure of $175–185 billion in 2026 to scale data centers, AI infrastructure, and energy capacity, reinforcing its leadership in AI-driven innovation.
