Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 11

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 31,20242025Operating income (loss):Google Services$27,897 $32,682 Google Cloud900 2,177 Other Bets(1,020)(1,226)Alphabet-level activities(1)(2,305)(3,027)Total income from operations$25,472 $30,606 

(1)In addition to the costs included in Alphabet-level activities, hedging gains (losses) related to revenue were $72 million and $260 million for the three months ended March 31, 2024 and 2025, respectively. Alphabet-level activities include all of the charges related to employee severance and office space charges.

Google Services

Google Services operating income increased $4.8 billion from the three months ended March 31, 2024 to the three months ended March 31, 2025. The increase in operating income was primarily driven by an increase in revenues, partially offset by increases in content acquisition costs and TAC. 

Google Cloud

Google Cloud operating income increased $1.3 billion from the three months ended March 31, 2024 to the three months ended March 31, 2025. The increase in operating income was primarily driven by an increase in revenues, partially offset by increases in usage costs for technical infrastructure and employee compensation expenses.

Other Bets

Other Bets operating loss increased $206 million from the three months ended March 31, 2024 to the three months ended March 31, 2025. The increase in operating loss was due to a combination of factors, none of which were individually significant.

Other Income (Expense), Net

The following table presents OI&E (in millions):

Three Months Ended March 31, 20242025Interest income$1,061 $1,001 Interest expense(94)(34)Foreign currency exchange gain (loss), net(238)(106)Gain (loss) on debt securities, net(462)202 Gain (loss) on equity securities, net2,243 9,758 Performance fees104 (40)Income (loss) and impairment from equity method investments, net(26)(22)Other255 424 Other income (expense), net$2,843 $11,183 

OI&E, net increased $8.3 billion from the three months ended March 31, 2024 to the three months ended March 31, 2025 primarily due to an increase in net