Alphabet remains on a roll as its world-beating streaming-video platform YouTube continues to dominate.

Wall Street forecast Alphabet Q2 2025 earnings per share (EPS) of $2.20 on revenue of $94.02 billion. The company, formerly known as Google, bested both by posting EPS of $2.31 on $96.4 billion in revenue. Net income was $28.2 billion, up 19 percent from the second quarter of 2024.5

YouTubes ad revenue for the quarter ending June 30, 2025 was expected to come in at $9.6 billion; the UGC platform bested that with roughly $9.8 billion. Another beat. Read last years comparable Alphabet quarterly earnings here, and the most-recent quarterly results here.

In June, YouTube made up 12.8 percent of all TV usage, according to Nielsen, which far exceeded the second-place platform, Netflix, at 8.3 percent. No one else reached 5 percent. It feels like an insurmountable lead, and may also be the reason why Netflix one day ventures into the user-generated content space.

We had a standout quarter, with robust growth across the company. We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well, Alphabet CEO Sundar Pichai said in a statement. We continue to see strong performance in YouTube as well as subscriptions offerings. And Cloud had strong growth in revenues, backlog and profitability. Its annual revenue run-rate is now more than $50 billion. With this strong and growing demand for our Cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85 billion and are excited by the opportunity ahead.

Google Search revenue jumped from $48.5 billion last Q2 to $54.2 billion in this one.