Net profit tripled to over $112 billion, boosted by a $98 billion non-cash gain from investments in SpaceX and Anthropic
Alphabet tops Q2 expectations as Google Cloud revenue surges 80%
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Summary
Its cloud business recorded more than US$24 billion in the quarter, and its net profit tripled to over US$112 billion. The company recorded more than US$119 billion (RM487 billion) in total revenue between April and June, up 24 per cent compared to the same period last year. The apparent massive lift in profit overstated Alphabet’s operating performance by including a $US98 billion ($140 billion) non-cash mark-up in the value of its investments in SpaceX and Anthropic, but the cash-burn in the quarter was very real.
Furthermore, Alphabet had capital expenditures of $US44.9 billion in the quarter – more than double the amount invested the same quarter of last year, and about 25 per cent more than it spent in the first quarter.
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Its cloud business recorded more than US$24 billion in the quarter, and its net profit tripled to over US$112 billion.
according to Malay MailThe company recorded more than US$119 billion (RM487 billion) in total revenue between April and June, up 24 per cent compared to the same period last year.
according to Malay MailThe apparent massive lift in profit overstated Alphabet’s operating performance by including a $US98 billion ($140 billion) non-cash mark-up in the value of its investments in SpaceX and Anthropic, but the cash-burn in the quarter was very real.
according to The Sydney Morning Herald - Top StoriesAlphabet had capital expenditures of $US44.9 billion in the quarter – more than double the amount invested the same quarter of last year, and about 25 per cent more than it spent in the first quarter.
according to The Sydney Morning Herald - Top Stories
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