Google by numbers

Latest numbers from Google, just quick facts no opinion. Disclosure: Google is my #1 pos by far.

Hope you find my personal notes useful - read the disclosure below. Do your own research.

Users

AI Overviews is shown to 1.5 billion unique users per month. AI overview was deployed for mobile in late 2024 in USA.

Q1 marked our largest expansion to date for AI Overviews, both in terms of launching to new users and providing responses for more questions. The feature is now available in more than 15 languages across 140 countries. For AI Overviews, overall, we continue to see monetization at approximately the same rate, which gives us a strong base in which we can innovate even more.

Google One: 145 million subscribers. AI Gemini Advanced and storage.

YouTube Music and Premium over 125 million subscribers

2 billion people use Search every day

5 trillion searches on Google annually

YouTube now has over 1 billion monthly active podcast users which has overtaken Spotify and Apple in terms of active podcast users.

Financials

Revenues up 12%, Expenses 8%, Operating income 20%.

12mo Free cash flow steady at 75B

Quarterly CAPEX up 43% YoY to 17.5B

We still expect to invest approximately $75 billion in CapEx this year.

Google Cloud:

Google cloud is capacity constrained and thus Cloud revenue may fluctuate based on the actual delivery of new capacity over the year.

Ironwood, 7th generation TPU: 10x improvement in compute power and nearly twice as power efficient

Vertex AI platform: Gemini 2.5 Pro, 2.5 Flash, Imagen 3, Veo 2, Chirp and Lyria, plus Llama 4 and Anthropic.

Product

2.5 Pro is #1 on the chatbot arena by a significant margin. 2.5 Pro offers reasoning, coding, science and math capabilities. Active users in AI studio and Gemini API have grown over 200% since the beginning of the year.

AlphaFold has now been used by over 2.5 million researchers.

15 of our products with 0.5 billion users now use Gemini models

Circle to Search (multimodal queries) is available on more than 250 million devices (android) with usage increasing nearly 40% this quarter

Google's network: 2 million miles of fiber and 33 subsea cables

Google workspace: 2 billion AI assists monthly, including summarizing Gmail and refining Docs

YouTube has been #1 in streaming watch time in the U.S. for the last 2 years.

20 billion videos on YouTube

Waymo is now safely serving over 0.25 million paid passenger trips each week. That's up 5x from a year ago.

Valuation

(based on 12mo trailing)

Operating income: 119B

Free cash Flow: 74.8B

EV: 1 880B

EV/EBIT: 15.8x

Historical Average EV/EBIT: 20.8x

Free cash Flow Yield: 4%

Cheers!

Disclaimer: The above article constitutes my or the authors’ personal views and is for entertainment purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. I / The authors may from time to time hold positions in the aforementioned stocks consistent with the views and opinions expressed in this article. The information provided in this article is not making promises, or guarantees regarding the accuracy of information supplied, nor that you guarantee for the completeness of the information here. The information in this article is opinion-based and that these opinions do not reflect the ideas, ideologies, or points of view of any organization the authors may be potentially affiliated with. The authors reserve the right to change the content of this blog or the above article. The performance represented is historical" and that "past performance is not a reliable indicator of future results and investors may not recover the full amount invested.