Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 13

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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,527 $88,427 $99,272 Google Cloud1,947 3,594 4,019 8,597 Other Bets(1,116)(1,426)(3,270)(3,898)Alphabet-level activities(1)(3,166)(4,467)(7,758)(10,866)Total income from operations$28,521 $31,228 $81,418 $93,105 

(1)In addition to the costs included in Alphabet-level activities, hedging gains (losses) related to revenue were $17 million and $(207) million for the three months ended September 30, 2024 and 2025, respectively, and $191 million and $(60) million for the nine months ended September 30, 2024 and 2025, respectively. Alphabet-level activities include charges related to employee severance and office space charges.

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Google Services

Google Services operating income increased $2.7 billion and $10.8 billion from the three and nine months ended September 30, 2024 to the three and nine months ended September 30, 2025, respectively. The increase in operating income was primarily driven by an increase in revenues, partially offset by an increase in expenses related to legal and other matters, content acquisition costs, and TAC. 

Google Cloud

Google Cloud operating income increased $1.6 billion and $4.6 billion from the three and nine months ended September 30, 2024 to the three and nine months ended September 30, 2025, respectively. 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 $310 million and $628 million from the three and nine months ended September 30, 2024 to the three and nine months ended September 30, 2025, respectively. 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 EndedNine Months Ended September 30,September 30, 2024202520242025Interest income$1,243 $1,076 $3,394 $3,128 Interest expense(54)(143)(215)(438)Foreign currency exchange gain (loss), net23