Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 72

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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 offset by the U.S. dollar strengthening relative to the South Korean won and Australian dollar.

Other Americas revenue growth was unfavorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar strengthening relative to the Brazilian real and Mexican peso.

Six Months Ended June 30, 2025% Change from Prior PeriodSix months ended June 30,Less FX EffectConstant Currency RevenuesAs ReportedLess Hedging EffectLess FX EffectConstant Currency Revenues20242025United States$79,933 $90,027 $0 $90,027 13 %0 %13 %EMEA48,471 54,185 56 54,129 12 %0 %12 %APAC27,112 31,334 (266)31,600 16 %(1)%17 %Other Americas9,591 10,968 (852)11,820 14 %(9)%23 %Revenues, excluding hedging effect165,107 186,514 (1,062)187,576 13 %(1)%14 %Hedging gains (losses)174 148 Total revenues(1)$165,281 $186,662 $187,576 13 %0 %(1)%14 %

(1)Total constant currency revenues of $187.6 billion for the six months ended June 30, 2025 increased $22.5 billion compared to $165.1 billion in revenues, excluding hedging effect, for the six months ended June 30, 2024.

EMEA revenue growth was not materially affected by changes in foreign currency exchange rates, as the effect of the U.S. dollar weakening relative to the British pound was largely offset by the U.S. dollar strengthening relative to the Turkish lira.

APAC revenue growth was unfavorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar strengthening relative to the Australian dollar, South Korean won, and Indian rupee.

Other Americas revenue growth was unfavorably affected by changes in foreign currency exchange rates, primarily due to the U.S. dollar strengthening relative to the Brazilian real and Mexican peso.

Costs and Expenses

43

Cost of Revenues

The following table presents cost of revenues, including TAC (in millions, except percentages):Three Months EndedSix Months Ended June 30,June 30, 2024202520242025TAC$