I=7
Alphabet reported advertising revenue above analyst expectations and increased its 2025 capital expenditure guidance by $10 billion
- Alphabet’s Q2 2025 revenue rose 14% y/y to $96.4 billion, above analysts estimate of $94.0 billion while EPS came in at $2.31, exceeding analysts estimate of $2.17.
- Google advertising revenue rose 10.4% y/y to $71.3 billion, exceeding analysts estimate of $69.6 billion.
- Alphabet increased its CapEx guidance for 2025 to $85 billion from $75 billion.
- Alphabet shares shed 2.8% in late trading (and then bounced back) due to the increased CapEx guidance.