Google revenue hits $100bn milestone

Alphabet Inc., the parent company of Google, has reported a record-breaking quarter with revenue surpassing $100 bn for the first time in its history, marking a major milestone driven by rapid advances in artificial intelligence and strong performance across its business units.

Chief Executive Officer Sundar Pichai said the results reflect Alphabet’s strategic investments in generative AI and its diversified portfolio, which includes Google Cloud, YouTube, and subscription services.

“This was a terrific quarter for Alphabet, driven by double-digit growth across every major part of our business. We’re seeing AI now driving real business results across the company,” Pichai said during the Q3 earnings call.

Alphabet’s quarterly revenue has doubled in five years, climbing from $50bn to $100bn, underscoring its rapid growth and transition into what Pichai described as the “generative AI era”.

The company’s Gemini AI models are at the centre of that transformation, now processing seven billion tokens per minute through direct API use by customers. The Gemini app has grown to more than 650 million monthly active users, with queries tripling from the previous quarter.

Alphabet’s cloud business also delivered robust results, with AI revenue emerging as a key driver. The company’s cloud backlog jumped 46 per cent quarter-on-quarter to $155bn, reflecting increased enterprise adoption of AI tools.

“Our complete enterprise AI product portfolio is accelerating growth in revenue, operating margins, and backlog,” Pichai said.

He added that customer demand strengthened in three ways: Alphabet is signing new Google Cloud Platform customers 34 per cent faster year-on-year, securing more deals exceeding $1bn than in the past two years combined, and expanding AI adoption among existing clients.

Over 70 per cent of Google Cloud customers now use AI-powered products, including global brands such as Banco BV, Best Buy, and FairPrice Group.

Alphabet also crossed 300 million paid subscriptions, led by growth in Google One and YouTube Premium, signalling sustained momentum in its consumer services segment.

Pichai reaffirmed Alphabet’s long-term vision of building for scale and sustainability. “Our momentum is strong, and we’re shipping at speed,” he said.