@theexpme.eth
Alphabet (GOOGL/GOOG) 2026 Update: AI Monetization + Cloud Surge, but Antitrust Risks
Quick recap on Alphabet Inc. (GOOGL/GOOG) as of Jan 13, 2026 (ref. price ~USD 332/share). Alphabet’s core “daily-use ecosystem” (Search, YouTube, Android, Maps) monetizes via ads, subscriptions, and Cloud—now pushing hard into an AI-first era.
FY2024 Revenue: USD 350.0B
• Google Services: USD 304.9B (~87%)
• Google Cloud: USD 43.2B (~12%)
• Other Bets: USD 1.65B (~0.5%)
Q3 2025 Highlights: Revenue USD 102.3B (+16% YoY)
• Cloud +34% YoY, operating margin ~23.7%
• Cloud backlog: USD 155B
• Strong cash generation: CFO USD 48.4B, FCF USD 24.5B
Pros: AI features rolling out fast + Cloud becoming a real growth engine.
Risks: Search & AdTech antitrust overhang + heavy AI CapEx (USD 91–93B for 2025) + earnings volatility from Other income.
Quarterly Watchlist: Search growth, AI impact on CPC/CTR, Cloud margin, backlog, CapEx/FCF, legal updates, core vs. non-core earnings.
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