Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 32

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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758 48 %$123,072 49 %$138,785 48 %EMEA(1)25,472 29 29,911 29 73,943 29 84,096 29 APAC(1)14,547 16 17,819 17 41,659 16 49,153 17 Other Americas(1)5,093 6 6,065 6 14,684 6 17,033 6 Hedging gains (losses)17 0 (207)0 191 0 (60)0 Total revenues$88,268 100 %$102,346 100 %$253,549 100 %$289,007 100 %(1)    Regions represent Europe, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America ("Other Americas").Revenue BacklogAs of September 30, 2025, we had $157.7 billion of remaining performance obligations (“revenue backlog”), primarily related to Google Cloud. Revenue backlog represents commitments in customer contracts that have not yet been recognized as revenue. We expect to recognize just over 55% of the revenue backlog as revenues over the next 24 months with the remainder to be recognized thereafter. The estimated revenue backlog and timing of revenue recognition for these commitments is largely driven by our ability to deliver in accordance with relevant contract terms and when our customers utilize services. Revenue backlog includes related deferred revenue currently recorded as well as amounts that will be invoiced in future periods, and excludes contracts with an original expected term of one year or less and cancellable contracts.Deferred RevenuesWe record deferred revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. Deferred revenues primarily relate to Google Cloud and Google subscriptions, platforms, and devices. Total deferred revenue as of December 31, 2024 was $6.0 billion, of which $4.1 billion was recognized as revenues for the nine months ended September 30, 2025. Total deferred revenue as of September 30, 2025 was $7.4 billion.

Note 3.    Financial Instruments

Fair Value MeasurementsInvestments Measured at Fair Value on a Recurring BasisCash, cash equivalents, and marketable equity securities are measured at fair value and classified within 

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Table of ContentsAlphabet Inc.

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