Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 76

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 76
---
 costs. 

Google Cloud

Google Cloud operating income increased $1.7 billion and $2.9 billion from the three and six months ended June 30, 2024 to the three and six months ended June 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

45

Other Bets operating loss increased $112 million and $318 million from the three and six months ended June 30, 2024 to the three and six months ended June 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 EndedSix Months Ended June 30,June 30, 2024202520242025Interest income$1,090 $1,050 $2,151 $2,051 Interest expense(67)(261)(161)(295)Foreign currency exchange gain (loss), net(173)(69)(411)(175)Gain (loss) on debt securities, net(310)165 (772)367 Gain (loss) on equity securities, net(714)1,286 1,529 11,044 Performance fees128 (83)232 (123)Income (loss) and impairment from equity method investments, net32 419 6 397 Other140 155 395 579 Other income (expense), net$126 $2,662 $2,969 $13,845 

OI&E, net increased $2.5 billion from the three months ended June 30, 2024 to the three months ended June 30, 2025 primarily due to an increase in net gains on equity and debt securities. The increase was primarily due to an increase in net unrealized gains on equity securities resulting from market-driven changes and fair value adjustments related to observable transactions, and increased net gains on debt securities due to lower market interest rates.

OI&E, net increased $10.9 billion from the six months ended June 30, 2024 to the six months ended June 30, 2025. The increase was primarily due to an increase in net unrealized gains on equity securities resulting from fair value adjustments related to observable transactions and market-driven changes.

For additional information,