"Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) reported a stellar third quarter, achieving its first-ever $100 billion revenue quarter, signaling that the company's aggressive "full stack" approach to AI is now translating into significant financial gains across its core businesses. Check out GOOG's stock price here. AI Backlog Explodes To $155 Billion The standout performer was Google Cloud, which saw its AI-driven backlog surge by an astonishing 46% sequentially to $155 billion."
"This monumental increase underscores robust enterprise demand, with CFO Anat Ashkenazi highlighting that Cloud has signed more billion-dollar deals in the first nine months of 2025 than in the previous two years combined "Cloud had another great quarter of accelerating growth with AI revenue as a key driver," said Sundar Pichai, CEO of Alphabet, emphasizing the direct link between AI adoption and Cloud's success."
Alphabet achieved its first-ever $100 billion revenue quarter driven by aggressive full-stack AI investments that boosted core businesses. Google Cloud's AI-driven backlog jumped 46% sequentially to $155 billion, reflecting strong enterprise demand and more billion-dollar deals in the first nine months of 2025 than in the prior two years combined. AI revenue materially accelerated Cloud growth. Search experienced an expansionary moment as AI Overviews and AI Mode increased query growth, with AI Mode reaching over 75 million daily active users. Increased AI-powered engagement lifted commercial queries and supported advertising revenue. Observers note that established incumbents with massive distribution stand to win the generative AI race.
Read at Benzinga
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