Alphabet Inc (NASDAQ:GOOG) shares added almost 5% after hours as the Google parent company posted strong results for the third quarter. Revenue was up 16% year-over-year at $102.3 billion, beating estimates of about $99.9 billion.
YouTube ad revenue topped $10 billion for the first time in a single quarter, helping push parent Alphabet past Wall Street expectations for the July-to-September period. Total company revenue also hit a milestone, passing $100 billion in a quarter for the first time. It hit $102.34 billion, up 16% from the year-earlier frame.
Google announced this week it is working with NextEra Energy to revive a nuclear power plant in Iowa that had closed in 2020.
As Alphabet reports its third-quarter earnings Wednesday, Wall Street expects the search giant to show 13% year-over-year revenue growth. The company's third quarter was filled with AI product announcements and regulatory wins.
Google parent Alphabet is scheduled to report third-quarter results after the bell on Wednesday, with traders betting on a sizable move in the tech giant's stock.
GOOGL's AI-powered Search and YouTube dominance fuel growth, while SNAP battles user retention and mounting competition risks.
Google is going nuclear
U.S. utility NextEra Energy and Alphabet's Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.
GOOGL's third-quarter 2025 results are expected to benefit from solid momentum in Search and Cloud businesses.
Google stock (NASDAQ: GOOG) has a history of notable rallies. The stock increased by over 30% in less than two months during critical years such as 2010 and 2024, and even achieved a rare rally exceeding 50% in 2025 as investors became more optimistic about the company's prospects in the generative AI era.
Alphabet has been the best-performing Magnificent 7 stock this year, supported by robust Google Cloud and AI advancements. Momentum was recently reinforced by Anthropic's endorsement of additional compute capacity on Google's in-house TPUs, validating diversification of growth opportunities for its cloud unit. This is expected to reinforce Google Cloud's market share gains, and narrow the lead currently commanded by rivals Microsoft Azure and Amazon Web Services.
Alphabet (GOOGL) maintains strong momentum, with robust revenue growth, positive earnings revisions, and expanding AI partnerships supporting a bullish outlook. GOOGL's aggressive R&D and hardware wins, such as the Anthropic partnership and quantum computing advances, reinforce its technological edge. Given Alphabet's historically strong ROIC, investments in AI and quantum computing are highly likely to generate substantial returns.