Google Cloud Revenue Surges 82 Percent to 24.8 Billion Dollars
Alphabet CEO Sundar Pichai reported that Google Cloud revenue grew 82 percent last quarter, becoming the primary driver of the company's overall revenue growth.
Sundar Pichai, CEO of Alphabet, reported that Google Cloud revenue grew 82 percent year over year last quarter, reaching 24.8 billion dollars. This represents a nominal increase of 11.2 billion dollars compared to the same period last year, surpassing the 9.1 billion dollar growth recorded for Google Search.
While Google Search remains the larger revenue generator at 63.3 billion dollars, Google Cloud has emerged as the primary driver of Alphabet's revenue growth. Overall revenue for Alphabet grew 23 percent year over year during the quarter. Additionally, the Gemini app reached 950 million monthly active users.
These financial results arrive as investors express concern that AI chatbots such as ChatGPT and Claude could threaten the advertising revenue generated by Google Search.
