“`html
Alphabet Inc. (GOOGL) reported quarterly adjusted earnings of $2.31 per share, surpassing the Zacks Consensus Estimate of $2.15, and quarterly revenues of $81.72 billion, exceeding estimates by 2.82%. The company is focusing on artificial intelligence (AI) to enhance its search engine and cloud computing businesses, increasing its 2025 capital expenditure target from $75 billion to $85 billion.
In the last quarter, Google Search revenues rose 11.7% year-over-year to $54.19 billion, while Alphabet’s AI tools expanded user engagement, reaching over 2 billion users monthly. The company is navigating competition from Microsoft Corp. and Baidu Inc., maintaining nearly 90% of global search market share.
GOOGL also aims to grow its cloud services, now third in market share, by leveraging AI models like Gemini. Currently, Alphabet’s self-driving unit, Waymo, provides approximately 250,000 rides weekly, with expansion plans into new cities.
“`
