Alphabet 2Q25: By the Numbers, Alphabet Earnings Call Highlights, Overall Alphabet Takeaways
Hello everyone. Welcome to a new week. Apple will report earnings on Thursday. We will begin our earnings review tomorrow while also covering other news items and events. For today's update, we will continue our 2Q25 tech earnings reviews by going over Alphabet's earnings. Alphabet continues to be more of an Apple partner than competitor although the line between the two is blurred at times.
Let's jump in.
Alphabet 2Q25: By the Numbers
Overall, Alphabet’s 2Q25 revenue growth story was very much intact. Mid-teens growth with a little bit of FX headwind is not shabby at all. There may be a little bit of disappointment that margins aren’t improving alongside that double-digit revenue growth. Such concerns may be sticking around too as Alphabet’s depreciation expense continues to rise (tied to ballooning capex). We talked about that trend earlier in the month in the July 9th update available here.
Alphabet 2Q25 key numbers:
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