Alphabet
GOOGLQ2 2025(GOOGL Q1 FY2025)Stated4.1% AI
AI Revenue %
4.1%
AI Fair Value
$159.4B
AI Revenue (Q)
$3.3B
Total Revenue (Q)
$80.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Google Cloud revenue was $12,260M in Q1 2025, up 28% YoY from $9,574M. The filing explicitly lists AI offerings (Vertex AI, Gemini for Google Cloud, AI infrastructure) as components of Google Cloud Platform. Management on the Q4 2024 earnings call (Feb 2025) stated Google Cloud AI had exceeded a $4B annual run rate. Conservatively estimating ~30% of Google Cloud as Ring 1 Core AI (Vertex AI, Gemini API, TPU/GPU cloud for AI training/inference): $12,260M x 0.30 = $3,678M, rounded to $3,700M. This excludes Google Workspace, traditional GCP compute/storage/networking, and all advertising revenue (Search, YouTube, Network). Math: $3,700M / $90,234M = 4.1%.
Analyzed by claude-opus-4-6
Quoted Figures
Google Cloud $12,260 [million, Three Months Ended March 31, 2025]
Q1 FY2025 10-Q Note 2 Disaggregated Revenues
Revenues were $90.2 billion, an increase of 12% year over year, primarily driven by an increase in Google Services revenues of $6.9 billion, or 10%, and an increase in Google Cloud revenues of $2.7 billion, or 28%
Q1 FY2025 10-Q MD&A Executive Overview
Google Cloud Platform, which generates consumption-based fees and subscriptions for infrastructure, platform, and other services. These services provide access to solutions such as AI offerings including our AI infrastructure, Vertex AI platform, and Gemini for Google Cloud: cybersecurity; and data and analytics
Q1 FY2025 10-Q MD&A Google Cloud description
Confidence Tier
StatedAI figures cited by management on earnings calls