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Alphabet (GOOGL)

Alphabet Inc., the parent company of Google, operates as a collection of businesses with Google being the largest. The company reports its operations in three segments: Google Services, Google Cloud, and Other Bets. Alphabet Inc. generates revenue primarily through advertising, consumer subscriptions, and sales of apps and devices, with Google Services accounting for the majority of its revenue . Google Cloud provides infrastructure and platform services for enterprise customers, while Other Bets includes emerging businesses like Waymo and Wing, focusing on healthcare-related and internet services .

  1. Google Services - Encompasses products like ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube, generating revenue through advertising, consumer subscriptions, and sales of apps and devices .
    • Advertising - Drives significant revenue through platforms like Google Search and YouTube .
    • Consumer Subscriptions - Includes services like YouTube TV and YouTube Music .
  2. Google Cloud - Provides infrastructure, platform services, and collaboration tools for enterprise customers, contributing to revenue through consumption-based fees and subscriptions .
  3. Other Bets - Comprises emerging businesses such as Waymo and Wing, generating revenue primarily from healthcare-related services and internet services .

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NamePositionExternal RolesShort Bio

Anat Ashkenazi

Executive

CFO and SVP of Alphabet and Google

None reported

Joined Alphabet in 2024; previously CFO at Eli Lilly; focuses on long-term investments and financial strategy.

Kent Walker

Executive

President, Global Affairs, Chief Legal Officer, and Secretary

Executive Council at TechNet.org

Joined Google in 2006; oversees legal, compliance, and government affairs; advocates on competition and privacy issues.

Philipp Schindler

Executive

SVP and Chief Business Officer

Scholar of the Studienstiftung des deutschen Volkes

Joined Google in 2005; oversees global sales, partnerships, and business operations.

Prabhakar Raghavan

Executive

Chief Technologist of Google LLC

National Academy of Engineering; Fellow of ACM and IEEE

Joined Google in 2012; previously led Search and Ads; transitioned to Chief Technologist in 2024.

Ruth M. Porat

Executive

President and Chief Investment Officer; CFO

Blackstone Inc.; Council on Foreign Relations; Memorial Sloan Kettering Cancer Center; Stanford Management Company; Bloomberg Philanthropies

Joined Alphabet in 2015 as CFO; extensive financial expertise; oversees investments and financial strategy.

Sundar Pichai

Executive

CEO of Alphabet and Google

The Pichai Family Foundation

Joined Google in 2004; became CEO of Google in 2015 and CEO of Alphabet in 2019; led AI-focused strategy.

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Frances H. Arnold

Board

Independent Director

Illumina, Inc.; President’s Council of Advisors on Science and Technology; U.S. National Academies of Science, Medicine, and Engineering; California Institute of Technology

Nobel Prize-winning scientist; joined Alphabet's board in 2019; focuses on science and technology innovation.

John L. Hennessy

Board

Chair of the Board of Directors

Gordon and Betty Moore Foundation; Queen Elizabeth Prize for Engineering Foundation; Chan Zuckerberg Biohub

Joined Alphabet's board in 2004; former President of Stanford University; provides strategic oversight as Chair of the Board.

K. Ram Shriram

Board

Independent Director

Sherpalo Ventures; Yubico; Council on Foreign Relations; Stanford Health Care; Indiaspora

Early investor in Google; joined Alphabet's board in 1998; extensive experience in venture capital and technology.

L. John Doerr

Board

Independent Director

Kleiner Perkins; DoorDash, Inc.; Climate Imperative; The Aspen Institute

Venture capitalist; joined Alphabet's board in 1999; extensive experience in technology investments.

Larry Page

Board

Co-Founder and Director

Chair of the Executive Committee at Alphabet; The Carl Victor Page Memorial Foundation

Co-founded Google in 1998; served as CEO of Google and Alphabet; instrumental in developing Google's search engine and business model.

R. Martin Chávez

Board

Independent Director

Sixth Street; Recursion Pharmaceuticals; Stanford Medicine Board; The Broad Institute of MIT and Harvard

Former Goldman Sachs executive; joined Alphabet's board in 2022; expertise in finance and technology.

Robin L. Washington

Board

Independent Director

Honeywell International, Inc.; Salesforce, Inc.; Vertiv Holdings Co.; Mastercard Foundation; UCSF Benioff Children’s Hospital Oakland

Former CFO of Gilead Sciences; joined Alphabet's board in 2019; expertise in financial operations and corporate governance.

Roger W. Ferguson Jr.

Board

Independent Director

Corning; International Flavors & Fragrances, Inc.; Smithsonian Institution; Group of Thirty

Former CEO of TIAA; joined Alphabet's board in 2016; expertise in economics and financial management.

Sergey Brin

Board

Co-Founder and Director

The Sergey Brin Family Foundation

Co-founded Google in 1998; served as President of Google and Alphabet; contributed to Google's core technologies and innovation.

  1. Google Cloud's operating margins have improved to 17% this quarter, but competitors in the industry have materially higher margins closer to 30%; what specific steps are you taking to further improve cloud margins, and how confident are you that you can match or exceed competitor margins in the future?

  2. Given the significant investments in AI and technical infrastructure leading to increased depreciation and expenses, how do you plan to balance these costs with the need for cost discipline and delivering profit growth, especially with anticipated headwinds in Q4 revenue due to hardware launch pull-forwards?

  3. With YouTube Shorts reaching over 70 billion daily views and the monetization gap with traditional in-stream content narrowing, what strategies are you implementing to further accelerate monetization of Shorts, and how significant do you expect Shorts to be in driving YouTube's overall ad revenue growth?

  4. As Waymo expands and serves over 150,000 paid rides weekly, can you provide more details on the financial performance and the path to profitability for Waymo, including timelines and how it will impact Alphabet's overall financials?

  5. With the introduction of AI-enabled search features and products powered by large language models like Gemini, how do you plan to monetize these new experiences without cannibalizing traditional search advertising revenues, and what are the potential risks and constraints to scaling these AI innovations across your vast user base?

Program DetailsProgram 1Program 2
Approval DateApril 2023 April 2024
End Date/DurationCompleted during Q3 2024 Not specified
Total additional amount$70.0 billion $70.0 billion
Remaining authorization amount$0 $59.7 billion
DetailsCompleted No expiration date
YearAmount Due (in billions)Debt TypeInterest Rate (%)% of Total Debt
20241.0Short-term commercial paperN/A6.8% = (1.0 / 14.785) * 100
20250.999Current portion of long-term notesN/A6.8% = (0.999 / 14.785) * 100
20251.368Current portion of finance leases & otherN/A9.3% = (1.368 / 14.785) * 100
2025–206012.0Long-term notes0.45–2.25 (coupon)81.1% = (12.0 / 14.785) * 100
NameStart DateEnd DateReason for Change
Ernst & Young LLP1999 PresentCurrent auditor

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Mandiant

2022

Recent press releases and 8-K filings for GOOGL.

Alphabet posts record quarterly revenue
·$GOOGL
Earnings
Revenue Acceleration/Inflection
Legal Proceedings
  • Alphabet reported $102.3 billion in quarterly revenue, a 16% year-over-year increase driven by AI and advertising growth.
  • Profit rose 33% to nearly $35 billion, exceeding analyst expectations.
  • Google Cloud backlog grew 46% to $155 billion, while its Cloud revenue climbed 34%, underscoring strong enterprise demand.
  • AI initiatives accelerated: the Gemini app reached 650 million monthly active users, and Google’s subscription services surpassed 300 million paid subscribers.
  • The company raised its capital spending forecast to expand AI and data infrastructure amid ongoing legal requirements to share certain data.
7 hours ago
Alphabet announces Q3 2025 results
·$GOOGL
Earnings
Guidance Update
  • Consolidated revenues rose 16% year over year to $102.3 billion, or +15% in constant currency.
  • Google Services revenues increased 14% to $87.1 billion, reflecting strong Search, YouTube ads and subscriptions growth.
  • Google Cloud revenue surged 34% to $15.2 billion, led by GCP, AI Infrastructure and Generative AI Solutions.
  • Net income was $35.0 billion (+33%) and diluted EPS $2.87 (+35%); GAAP operating margin was 30.5%, or 33.9% excluding the $3.5 billion EC fine.
  • Raised full-year 2025 capital expenditure guidance to $91 billion–$93 billion.
13 hours ago
RedCloud CEO to meet global leaders at FII9
·$GOOGL
Revenue Acceleration/Inflection
New Projects/Investments
  • CEO Justin Floyd will participate in the Future Investment Initiative (FII9) in Riyadh from October 27–30, 2025.
  • In H1 2025, RedCloud more than doubled its active retailer base to 68,089 customers (+110% YoY) and expanded its distributor network to 1,017 (+136% YoY).
  • For FY 2024, the company reported $46.5 million in revenue (up 135% YoY) and processed $2.5 billion in Total Transaction Value.
  • Entered a strategic partnership with Kayanat to support its entry into the Saudi market.
6 days ago
Alphabet plans multi-billion AI cloud partnership with Anthropic
·$GOOGL
New Projects/Investments
  • Alphabet is in early-stage talks for a high tens of billions dollar AI cloud computing deal with Anthropic, granting the startup access to Google’s TPUs and strengthening Google Cloud’s position vs. AWS and Azure.
  • Google has already invested approximately $3 billion in Anthropic (comprising $2 billion in 2023 and $1 billion in 2024).
  • Google services account for nearly 90% of Alphabet’s revenue, while Google Cloud represents about 10%, underscoring the strategic impact of such a partnership.
  • News of the discussions lifted Alphabet’s shares by 1.69% in after-hours trading, highlighting investor optimism in its AI infrastructure prospects.
Oct 21, 2025, 11:54 PM
Alphabet shares drop over 4% amid OpenAI browser speculation
·$GOOGL
Product Launch
  • Shares fell about 3–4% after OpenAI CEO Sam Altman announced an AI-powered browser livestream, stoking fears of competition with Chrome.
  • Google Chrome’s ~70% global browser share faces threat, which could divert search traffic and weaken advertising revenue.
  • Alphabet remains financially robust with a $3.01 trillion market cap and $371.4 billion TTM revenue, up 13% over three years.
  • Wall Street analysts stay bullish, raising price targets to $270 (Morgan Stanley), $294 (BMO), $300 (Oppenheimer), and $280 (BofA).
Oct 21, 2025, 4:00 PM
Alphabet announces weekly distributions for YieldMax® ETFs
·$GOOGL
Dividends
  • On October 17, 2025, YieldMax® Group 2 weekly-pay ETFs declared distributions for the prior week’s investment activity.
  • AMDY will pay $0.9502 per share (Distribution Rate 125.00%, 30-Day SEC Yield 2.01%, ROC 98.55%).
  • HOOY will pay $5.9472 per share (Distribution Rate 106.57%, 30-Day SEC Yield 1.77%, ROC 0.00%).
  • RDYY will pay $1.4261 per share (Distribution Rate 89.21%, 30-Day SEC Yield 0.00%, ROC 40.16%).
  • CRCO and SMCY will pay $2.4795 (85.45%, 0.00%, 98.14%) and $0.8090 (84.36%, 2.65%, 97.31%) per share, respectively.
Oct 15, 2025, 10:55 AM
Alphabet plans $9 billion South Carolina data center expansion
·$GOOGL
New Projects/Investments
  • On October 13, 2025, Alphabet announced a $9 billion investment through 2027 to expand and build new data center campuses in Berkeley and Dorchester Counties, South Carolina, to scale its cloud and AI capacity.
  • The plan includes workforce development initiatives, integrating AI tools into apprenticeship programs to train over 160 electrical apprentices, supporting local job creation.
  • South Carolina officials highlighted the project’s role in boosting economic growth, increasing tax revenue for schools, and leveraging the state’s subsea cables (Firmina and Nuvem) to enhance global AI connectivity.
  • CEO Sundar Pichai emphasized that heavy infrastructure spending is essential for retaining Alphabet’s leadership in artificial intelligence.
Oct 13, 2025, 2:20 PM
Alphabet to invest €5B in Belgium AI infrastructure
·$GOOGL
Hiring
New Projects/Investments
  • Alphabet will invest €5 billion ($5.8 billion) over two years to expand its cloud and AI infrastructure at data centers in Saint-Ghislain and Farciennes.
  • The expansion is set to create 300 new full-time jobs and includes agreements with Eneco, Luminus, and Renner to power facilities with new onshore wind farms.
  • The company will launch free AI training programs in Belgium by funding nonprofits to prepare low-skilled workers for an AI-driven economy.
  • Backed by a strong financial profile (market cap ~$2.97 trillion; 13.9% three-year revenue growth; 32.68% operating margin; 31.12% net margin), Alphabet reinforces its sustainability and digital innovation commitments.
Oct 8, 2025, 6:25 PM
Alphabet plans Verily spinoff amid DOJ antitrust case
·$GOOGL
M&A
Legal Proceedings
New Projects/Investments
  • Alphabet will spin off Verily into an independent company via sale or spinoff, transitioning its infrastructure to Google Cloud over the past two years.
  • Verily has refocused on artificial intelligence and data infrastructure, scaled back its medical devices program, and raised $1 billion in a funding round led by Alphabet.
  • The separation aligns with Alphabet’s strategy to hone its core businesses and comes amid the U.S. DOJ’s monopolization lawsuit against Google.
  • Alphabet reports a 13.9% revenue growth over three years, trailing twelve-month sales of $371.4 billion, and a 0.1 debt-to-equity ratio, with under 90% of revenue from Google services.
Oct 3, 2025, 3:58 AM
Google plans new West Memphis data center
·$GOOGL
New Projects/Investments
  • Google (Alphabet) is investing multi-billion dollars to build a data center campus on 1,000+ acres in West Memphis, Arkansas, to bolster its AI and search infrastructure.
  • The project will create hundreds of operations jobs and thousands of construction jobs in the region.
  • It is enabled by the Arkansas IMPACT legislative package—including the Generating Arkansas Jobs Act of 2025 and Act 548 (data center sales and use tax exemption)—which reduced permitting time to six months.
  • Google will cover all facility energy costs and deploy new solar energy and battery storage in partnership with Entergy Arkansas.
Oct 2, 2025, 7:22 PM