The alphabet exceeds profit expectations and increases spending predictions star-news.press/wp

alphabet The results of the second quarter were reported on Wednesday, which overcame revenues and profits, but the company said it would raise its capital investments by 10 billion dollars in 2025.

The shares of the company rose slightly after the trading hours.

Here is how the company did, compared to the estimates of the analysts included in Lseg:

• profit: 96.43 billion dollars for 94 billion dollars, estimated
• Arrow’s profits: $ 2.31 for $ 2.18

Wall Street also sees several other numbers in the report:

• Adube ads revenue: 9.8 billion dollars for $ 9.56 billion, according to Streetaccount
• Google Cloud: 13.62 billion dollars Opposite 13.11 billion dollars, according to the street account
• Traffic acquisition costs (TAC): 14.71 billion dollars for $ 14.18 billion, according to Streetaccount

The company’s total revenues grew by 14 % on an annual basis, which is higher than 10.9 % expected in Wall Street.

Alphabet will spend more on artificial intelligence in 2025 than expected.

In February, the company said it expects to invest $ 75 billion of capital expenditures in 2025, continuing to expand the artificial intelligence strategy. It was already above 58.84 billion dollars that Wall Street expected at the time.

The company increased this number on Wednesday to 85 billion dollars, saying it was raising it because of “strong and increasing demand for our cloud products and services.”

Alphabet’s research and advertising units still show growth in the second quarter despite the heating of artificial intelligence competition. The company’s search unit brought 54.19 billion dollars during this quarter, and its advertising revenues grew to 71.34 billion dollars – an increase of about 10.4 % from 64.61 billion dollars in the previous year.

The company announced revenues of $ 13.62 billion for its cloud computing company, which is 31 % over last year. Google’s YouTube advertising revenues amounted to $ 9.8 billion, higher than the expected Wall Street.

The net Alphabet’s net increased to 28.20 billion dollars – an increase of approximately 20 % over the previous year.

The company said that its “other bets”, which includes its self-driving car unit, emo and life sciences, brought 373 million dollars-an altitude of 365 million dollars a year ago. Other bets reported a loss of $ 1.25 billion – an increase of $ 1.13 billion a year ago.

Sondar Bishy, CEO of Alphabet, said at a call on Wednesday that artificial intelligence search products, Amnesty International, which summarizes the research results, now has more than two billion users per month across more than 200 countries and region. This rises from 1.5 billion users per month in the last quarter.

Bishi said that the Gemini app, which contains AI Chatbot in the company, now has more than 450 million users per month per month.

Anat Ashkenaz, the president of ALPHABET, said that the total operating expenses increased by 20 % to 26.1 billion dollars. She said in a profit call on Wednesday that the largest growth driver is the expenses of legal issues and other matters that are partly due to a cost of $ 1.4 billion related to a settlement. In May, the Texas -Pixon Prosecutor announced a $ 1.37 billion settlement with Google related to the data rights issues he submitted against the company in 2022.

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