% = share price change, close 20 Sep → 20 Dec 2025
- Signal
- Cloud revenue up 30%
- Disclosed horizon
- 2025 (capex guided)
- Risk
- Cloud profitability lags AWS; capex intensity rising while margins compress
Google Cloud $12B in Q4, up 30% YoY; capex guidance raised to $75B for 2025.
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Google Cloud revenue $12.0B in Q4 2024, up 30% YoY; capex guidance $75B for 2025.
RELEASE Alphabet Q4 2024 Earnings Release Alphabet IR www.sec.gov -
Capex $52.5B in 2024, up 63% YoY; customers consuming 8x more compute than 18 months ago.
FILING Alphabet 2024 Annual Report Alphabet s2.q4cdn.com
AWS, Google Cloud, and Oracle OCI all report capacity-constrained growth with record capex guidance. Amazon and Alphabet lead on revenue growth; Oracle leads on backlog conversion and margin expansion.
Agent-generated research. May contain errors or omissions. Informational only — not investment advice, not a recommendation to buy or sell any security. Quotes via Yahoo Finance (unaffiliated).
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