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【Google谷歌母公司】Alphabet Inc.(GOOG)2025年第四季度及全年业绩演示材料PPT「NASDAQ」(英文版)(12页).pdf

上传人: 1****1 编号:1110828 2026-02-05 12页 1.11MB

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1、Q4 2025 Earnings February 4,2026Note About Forward-Looking Statements and Non-GAAP Financial MeasuresQ4 2025 EarningsThis presentation may contain forward-looking statements regarding our business,operations,and financial performance.Such statements are based on current expectations and assumptions

2、that are subject to a number of risks and uncertainties.Actual results could differ materially.Please refer to our Forms 10-K and 10-Q,including the risk factors.We undertake no obligation to update any forward-looking statement,except as required by law.Given these risk and uncertainties,investors

3、are cautioned not to place undue reliance on such forward-looking statements.We present both GAAP and non-GAAP financial measures in this presentation.A reconciliation of non-GAAP to GAAP measures is included in this presentation and in the most recent earnings press release,which is distributed and

4、 available to the public through our Investor Relations website located at abc.xyz/investor.Q4 2025 EarningsGoogle Cloud325M+paid consumer subscriptionsAcross Google One,YouTube,Other$70B+annualized revenue run-rate;Q4 revenue+48%Y/YYouTubeGemini App750M+Gemini App monthly active users$60B+revenue f

5、rom YouTube Ads+Subs in 2025Search&Other Ads+17%y/y revenue growth in SearchAcross 1P models,including Gemini via Direct API usage10B+tokens per minuteEarnings Highlights:Annual revenues exceeded$400B for the first timein Millions,except Percentages and EPS;unauditedRevenuesCosts and Expenses:Cost o

6、f RevenuesResearch and DevelopmentSales and MarketingGeneral and AdministrativeTotal Costs and ExpensesIncome from operationsOther income(expense),netIncome before income taxesProvision for income taxesNet incomeDiluted EPS$96,46940,61313,1167,3634,40565,49730,9721,27132,2435,707$26,536$113,82845,76

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1. **业绩表现**:2025财年营收首次突破4000亿美元($402.8B),Q4营收1138亿美元(同比+18%);Q4净利润265亿美元(同比+31%)。 2. **业务亮点**:YouTube广告与订阅收入2025年将达600亿美元;Google Cloud年化收入超700亿美元(同比+48%);Gemini App月活用户超7.5亿。 3. **财务指标**:Q4运营利润率32.0%(FY 2025为32.1%);自由现金流(TTM)749亿美元,资本开支Q4达279亿美元(同比+95%)。 4. **风险提示**:包含前瞻性声明,实际结果可能因风险因素存在差异,投资者不应过度依赖。
**营收突破400亿?** **YouTube增长动力何在?** **自由现金流如何变化?**
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