Alphabet Earnings Preview: Google's Very Own Version Of Creative Destruction

Alphabet reports their Q2 '25 financial results after the closing bell on Wednesday night, July 23rd, 2025. Analyst consensus is expecting $2.18 in earnings per share on $93.9-94 billion in revenue and $31.1 billion in revenue for expected y-o-y growth of 15%, 11%, and 13%, respectively. Advertising is still 74% of total GOOGL revenue as of the March '25 quarter, but the fact is that metric has been slowly declining from the low 80% range in 2022.