Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as margins hit 23.7%, and backlog climbed 82% to $155B, signaling Alphabet’s TPU-driven advantage in AI.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as operating margin reached 23.7%, with a $155B backlog up 82%.
YouTube Shorts reached per-hour revenue parity in the US, subscriptions rose 21% to $12.9B with 300M+ paid users, and Waymo logged 15M annualized rides after a $16B raise.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as operating margin hit 23.7%, with a $155B backlog up 82%.
Google Cloud revenue rose 34% to $15.2B in Q3 2025. Margins rose to 23.7% as backlog hit $155B, up 82%.
Google Cloud posts $15.2B revenue and 34% growth as backlog hits $155B, up 82%.
Google Cloud revenue rose 34% to $15.2B in Q3 2025. Operating margin reached 23.7% as Alphabet leverages TPUs to lower AI costs.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as operating margin hit 23.7%, and a $155B backlog signaled demand while TPUs lowered costs.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as operating margin reached 23.7%, and backlog hit $155B.
Google Cloud revenue rose 34% to $15.2B in Q3 2025 as operating margin hit 23.7% and backlog reached $155B, reflecting Alphabet's TPU cost advantage.
Google Cloud revenue rose 34% to $15.2B in Q3 2025, with margins at 23.7%. Backlog reached $155B, up 82%.
In Q3 2025, Services delivered $87.1B as Search grew 15% to $56.6B and Google Cloud climbed 34% to $15.2B with 23.7% margins.
