Google Breaks $100 Billion Revenue Barrier, Fueled by AI Boom, Cloud Growth
By Abbas Badmus,
Alphabet Inc., the parent company of Google, has achieved a historic milestone, reporting over $100 billion in quarterly revenue for the first time in its history. The record-breaking performance underscores the tech giant’s rapid expansion in artificial intelligence and strong results across its diversified business portfolio.
Chief Executive Officer Sundar Pichai described the third-quarter results as a reflection of Alphabet’s strategic investment in generative AI, cloud computing, 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 within five years, rising from $50 billion to $100 billion, a growth trajectory Pichai termed as part of the “generative AI era.”
At the centre of this transformation are Alphabet’s Gemini AI models, which now process an astonishing seven billion tokens per minute through direct API use. The Gemini app itself has soared to over 650 million monthly active users, with queries tripling compared to the previous quarter.
The company’s cloud division also reported stellar results, with AI-driven services emerging as a key revenue engine. Alphabet’s cloud backlog surged 46 per cent quarter-on-quarter to $155 billion, driven by increased enterprise adoption of AI tools.
“Our complete enterprise AI product portfolio is accelerating growth in revenue, operating margins, and backlog,” Pichai stated, noting that Alphabet is signing new Google Cloud customers 34 per cent faster year-on-year and closing more billion-dollar deals than in the past two years combined.
More than 70 per cent of Google Cloud customers now rely on AI-powered solutions, including leading global brands such as Banco BV, Best Buy, and FairPrice Group.
Alphabet also reported robust consumer growth, crossing 300 million paid subscriptions, led by Google One and YouTube Premium.
Pichai reaffirmed the company’s commitment to sustainable innovation and long-term growth.
“Our momentum is strong, and we’re shipping at speed,” he said.
The milestone marks Alphabet’s emergence as a dominant force in the global AI economy, setting the pace for competitors as the world transitions deeper into an AI-driven digital age.
