Technology giants Alphabet, Microsoft, and Meta raked in a combined revenue of $220.36 bn in the second quarter of 2025, underlining the resilience of big tech and renewed investor confidence in artificial intelligence, cloud services, and digital advertising.
Alphabet Inc., the parent company of Google, led the pack with $96.4bn, marking a 14 per cent year-on-year rise, driven by strong performance across Search, YouTube ads, subscriptions, and cloud services.
Chief Executive Officer of Google, Sundar Pichai, described the period as “a standout quarter,” noting that AI is already transforming the company’s operations.
“We are leading at the frontier of AI and shipping at an incredible pace.
AI is positively impacting every part of the business, driving strong momentum. Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well,” he said.
He added that Google Cloud, which now has an annual revenue run rate of over $50bn, experienced significant growth in revenue, backlog, and profitability.
“With this strong and growing demand for our cloud products and services, we are increasing our investment in capital expenditures in 2025 to approximately $85bn,” Pichai added.
Microsoft also reported better-than-expected earnings for the quarter ended June 2025, with revenue climbing 18.1 per cent year-on-year to $76.44bn.
Meta Platforms Inc., the parent company of Facebook and Instagram, delivered $47.52bn in Q2 revenue, up 22 per cent year-on-year, maintaining the same growth rate on both a reported and constant currency basis.
Founder and Chief Executive Officer of Meta, Mark Zuckerberg, said the company’s momentum is fuelled by innovation and AI ambitions. “We’ve had a strong quarter both in terms of our business and community. I’m excited to build personal superintelligence for everyone in the world,” he said.
In its outlook, Meta projected Q3 2025 revenue to fall between $47.5bn and $50.5bn, factoring in a one per cent currency tailwind. However, it cautioned that growth in the fourth quarter may slow as it laps a period of stronger performance in Q4 2024.
The results underscore the growing dominance of Big Tech, buoyed by their investments in artificial intelligence and cloud infrastructure, sectors that are increasingly shaping the future of global enterprise and consumer services.
