💡 Growth drivers & fields of innovation
- 🔍 Search engine remains cash cow, parallel expansion of cloud, AI, hardware & quantum computing.
- ☁️ Cloud business grows dynamicallyAlphabet establishes itself as a strong No. 3 (behind AWS & Azure).
- 🤖 Artificial intelligence is being monetizedGemini, AI Overviews, virtual fitting room, video AI (Veo 3), Ultra AI & more.
- 📱 Integration of generative AI in Pixel smartphones & apps such as Gmail or Google Docs.
- ⚛️ Quantum leap with new high-performance chip "Willow" (105 qubits) - enormous computing potential.
📊 Current business figures & highlights
- 💵 Q1/2025 turnoverUSD 90.23 billion (+12% YoY) ➡️ better than expected (consensus: USD 89.18 billion).
- 📈 EPS: USD 2.81 ➡️ significantly exceeds estimates (consensus: USD 2.01).
- 🎯 Surprisingly strong development in search engine advertising & YouTube.
- 🌐 1.5 billion monthly users use the new AI function "AI Overview" in Google Search.
🛠️ Strategic measures & investments
- 🔒 Acquisition of Wiz (cybersecurity) for USD 32 billion strengthens cloud & security portfolio.
- 🚀 Wiz sales expected to double to over USD 1 billion by the end of 2025
- 💰 Share buyback of over USD 70 billion announced - strong capital repayment.
- 📢 Quarterly dividend slightly increased to USD 0.21/share.
- 🏗️ USD 75 billion in investments for data centers & infrastructure in 2025 confirmed.
⚖️ Opportunities & risks at a glance
Opportunities:
🤖 AI integration increases monetization & user loyalty
☁️ Dynamic cloud growth as an additional revenue driver
⚛️ Progress in quantum computing & hardware sector
🔐 Wiz acquisition strengthens cybersecurity portfolio
Risks:
🏛️ Regulatory procedures in Europe & the USA
🔒 Data protection issue remains critical, especially in the EU
⚔️ Competition in the AI & cloud segment (Microsoft, Amazon, Co.)
⚖️ Antitrust proceedings in the search & advertising business are still ongoing
🔎 Conclusion & market assessment
- 📌 Alphabet remains innovation leader in AI, cloud & data ecosystems.
- 💡 Monetization of new technologies is underway, visible effects in the figures.
- 🛡️ Regulatory uncertainties remain a structural risk.
- 📈 In the long term, the share remains full of opportunities, particularly due to scaling in the cloud & AI area.
