Google revenue soars on AI boom, but investors sour on spending increase

(Image: Getty)

Sat, 26 Jul 2025

By Katherine BluntGoogle’s parent company reported a 14% jump in year-over-year revenue, driven by growth in its cloud and search divisions that was tempered by heavy spending on artificial intelligence.The parent company, Alphabet, had record sales of US$96.4 billion (NZ$159.4b) in the second quarter but also said capital expenditure expectations for the year would increase by 13% to about US$85b. That compares with US$52.5b in 2024.The results sent Alphabet’s shares down by more than 1% in aftermarket trading.'Strong mome...

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