Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 71

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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. Constant currency revenues are calculated by translating current period revenues using prior year comparable period exchange rates, as well as excluding any hedging effects realized in the current period.

Constant currency revenue percentage change is calculated by determining the change in current period revenues over prior year comparable period revenues where current period foreign currency revenues are translated using prior year comparable period exchange rates and hedging effects are excluded from revenues of both periods.

These results should be considered in addition to, not as a substitute for, results reported in accordance with GAAP. Results on a constant currency basis, as we present them, may not be comparable to similarly titled measures used by other companies and are not a measure of performance presented in accordance with GAAP.

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The following table presents the foreign currency exchange effect on international revenues and total revenues (in millions, except percentages):

Three Months Ended June 30, 2025% Change from Prior PeriodThree Months Ended June 30,Less FX EffectConstant Currency RevenuesAs ReportedLess Hedging EffectLess FX EffectConstant Currency Revenues20242025United States$41,196 $46,063 $0 $46,063 12 %0 %12 %EMEA24,683 28,262 780 27,482 14 %3 %11 %APAC13,823 16,480 115 16,365 19 %1 %18 %Other Americas4,938 5,735 (352)6,087 16 %(7)%23 %Revenues, excluding hedging effect84,640 96,540 543 95,997 14 %1 %13 %Hedging gains (losses)102 (112)Total revenues(1)$84,742 $96,428 $95,997 14 %0 %1 %13 %

(1)Total constant currency revenues of $96.0 billion for the three months ended June 30, 2025 increased $11.4 billion compared to $84.6 billion in revenues, excluding hedging effect, for the three months ended June 30, 2024.

EMEA revenue growth was favorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar weakening relative to the euro and British pound.

APAC revenue growth was favorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar weakening relative to the Japanese yen, partially