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- 2025-07-14 Cognition’s acquisition of Windsurf
The acquisition includes Windsurf’s IP, product, trademark and brand, and strong business. Above all, it includes Windsurf’s world-class people, some of the best talent in our industry, whom we’re privileged to welcome to our team.
In the immediate term, the Windsurf team will continue to operate as they have been, and we will remain focused on our work of accelerating your engineering with Devin. Over the coming months, we’ll be investing heavily in integrating Windsurf’s capabilities and unique IP into Cognition’s products.
$82M of ARR and a fast-growing business, with enterprise ARR doubling quarter-over-quarter.
A user base that includes 350+ enterprise customers and hundreds of thousands of daily active users.
Google is paying $2.4 billion in license fees as part of the deal to use some of Windsurf's technology under non-exclusive terms, according to a person familiar with the arrangement. Google will not take a stake or any controlling interest in Windsurf, the person added.
Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some members of the coding tool's research and development team will join Google's DeepMind AI division.
The deal followed months of discussions Windsurf was having with OpenAI to sell itself in a deal that could value it at $3 billion, highlighting the interest in the code-generation space which has emerged as one of the fastest-growing AI applications, sources familiar with the matter told Reuters in June.
- 2025-07-11 The Next Stage of Windsurf
We’re excited to announce that Windsurf and Google have entered into an agreement that will help kick-start this next phase. As part of the agreement, Varun, Douglas, and some members of our R&D team will join Google. Most of Windsurf’s world-class team will continue to build the Windsurf product for the enterprise and enable our customers to maximize the outcomes from adopting this technology. Effective immediately, Jeff Wang, Windsurf’s Head of Business, has stepped into the role of interim CEO. Jeff has been part of Windsurf’s journey since mid-2023 and has served across many roles and capacities as the team has expanded and our projects grew more ambitious. Simultaneously, Graham Moreno, Windsurf’s VP of Global Sales, has stepped into the role of President. Graham has been the undeniable driving force for our enterprise business that has grown at a rate few enterprise software businesses have.
2025.5.8 Apple exec testimony on search volume drop hurts Google stock price
2025.5.7 Here's our statement on this morning’s press reports about Search traffic.
We continue to see overall query growth in Search. That includes an increase in total queries coming from Apple’s devices and platforms.
Wiz’s solution rapidly scans the customer’s environment, constructing a comprehensive graph of code, cloud resources, services, and applications – along with the connections between them. It identifies potential attack paths, prioritizes the most critical risks based on their impact, and empowers enterprise developers to secure applications before deployment. It also helps security teams collaborate with developers to remediate risks in code or detect and block ongoing attacks.
Wiz is an innovative leader, creating new categories of cybersecurity solutions in the last 12 months, including code-to-cloud security and cloud-native runtime defense, further strengthening its impact.
This will help spur the adoption of multicloud cybersecurity, the use of multicloud, and competition and growth in cloud computing.
Five years ago, my fellow cofounders and I set out to create something security and development teams would love. We embarked on a significant mission: to help every organization secure everything they build and run in the cloud – any cloud.
We both also believe Wiz needs to remain a multicloud platform, so that across any cloud, we will continue to be a leading platform. We will still work closely with our great partners at AWS, Azure, Oracle, and across the entire industry.
Google LLC today announced it has signed a definitive agreement to acquire Wiz, Inc., a leading cloud security platform headquartered in New York, for $32 billion, subject to closing adjustments, in an all-cash transaction.
This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (multicloud).
Wiz delivers an easy-to-use security platform that connects to all major clouds and code environments to help prevent cybersecurity incidents.
Wiz’s products will continue to work and be available across all major clouds, including Amazon Web Services, Microsoft Azure, and Oracle Cloud platforms, and will be offered to customers through an array of partner security solutions.
On Search, rich and multimodal experiences like AI Overviews, Circle to Search, and Lens give people new ways to express exactly what they want, more naturally than ever before. We already see more than 5 trillion searches on Google annually, and with AI, we're continuing to expand the types of questions that people can ask.
Quarterly Earnings
Q2 2025
With I/O in May we announced that we processed 480 trillion monthly tokens across our surfaces. Since then we have doubled that number now processing over 980 trillion monthly tokens.
The Gemini app now has more than 450 million monthly active users.
All queries and commercial queries on Search continue to grow year over year and our new AI experiences significantly contributed to this increase in usage. We are also seeing that our AI features cause users to search more as they learn that Search can meet more of their needs.
AI overviews are now driving over 10% more queries globally.
AI Mode is still rolling out but already has over 100 million monthly active users in the US and India.
The number of new GCP customers increased by nearly 28% quarter over quarter.
The 12% increase in search and other revenues as led by growth across all verticals with the largest contributions from retail and financial services.
Google lens searches are one of the fastest growing query types on search and grew 70% since this time last year. The majority of lens searches are incremental and we're seeing healthy growth for shopping queries using lens.
Circle to search, which is now in over 300 million Android devices. We've been adding capabilities to help people explore complex topics and ask follow up questions without switching apps. For example, gamers can now use circle to search while playing mobile games to see an AI overview or answers.
In the second quarter, depreciation increased $1.3 billion year-over-year to $5 billion, reflecting a growth rate of 35%. And the recent increase in CapEx investments, we expect the growth rate and depreciation to accelerate further in Q3.
Our full-stack approach, which combines AI infrastructure, AI research, and AI products and platforms, position us well to deliver new products and services across the company.
On your second question on AI mode versus Gemini standalone app, broadly, there are some use cases where you can get a great experience in both places. But there are use cases which are very specific.
I think where the queries are information oriented, but people really want to rely on the information. But I have the full power of AI. I think AI mode really shines in that. You can go there and you know it's backed up.The Gemini models are using search deeply as a tool. And so it's all grounded in that search experience. And I think users are responding very positively to it.
And there is a Gemini standalone app, you see everything from people can have a long conversation of chat just trying to pass time in the Gemini app. You've seen early cases where people may get into it in a therapy-like experience. So these are all emerging experiences of what people do.
Q1 2025
AI Overviews is going very well with over 1.5 billion users per month, and we’re excited by the early positive reaction to AI Mode.
In subscriptions, we surpassed 270 million paid subscriptions, with YouTube and Google One as key drivers.
In March we released AI Mode, an experiment in Labs. It expands what AI Overviews can do with more advanced reasoning, thinking and multimodal capabilities to help with questions that need further exploration and comparisons. On average, AI Mode queries are twice as long as traditional Search queries.
YouTube Music and Premium reached over 125 million subscribers, including trials, globally.
Waymo is now safely serving over a quarter of a million paid passenger trips each week. That’s up 5X from a year ago.
This past quarter, Waymo opened up paid service in Silicon Valley. Through our partnership with Uber, we expanded in Austin and are preparing for our public launch in Atlanta later this summer. We recently announced Washington, DC, as a future ride-hailing city, going live in 2026 alongside Miami.
Waymo continues progressing on two important capabilities for riders — airport access and freeway driving.
Google services revenues were $77 billion for the quarter, up 10% year on year, driven by strong growth in Search and YouTube, partially offset by year-on-year decline in network revenues. To add some further color to the performance, the 10% increase in Search and Other revenues was led by financial services, primarily due to strength in Insurance followed by Retail.
We continue to see a revenue mix shift with Google Search growth at double-digit levels, network revenues, which have much higher TAC rate, declined.
Sales and marketing expenses decreased 4%, primarily reflecting a decline in compensation expenses.
First, in terms of revenue, I'll highlight a couple of items that we mentioned last quarter that will have an impact on second quarter and 2025 revenue.
First, in Google services, advertising revenue in 2025 will be impacted by lapping the strength we experience in the financial service vertical Throughout 2024.
The first quarter, we saw 31% year-on-year growth in depreciation from the increase in technical infrastructure assets placed in service. Given the increase in CapEx investments over the past few years, we expect the growth rate in depreciation to accelerate throughout 2025.
Second, as we've previously said, we expect some headcount growth in 2025 in key investment area. As we've disclosed previously, due to a shift in the timing of our annual employee stock-based compensation award beginning in 2023, our first quarter stock-based comp expenses is relatively lower compared to the remaining quarters of the year.
Search was led again, by finance due primarily to ongoing strength in the insurance, retail, health care, and travel were actually also sizable contributors here to growth.
At the end of 2024. And we're still focused on driving efficiency and productivity throughout the organization.
We're focusing on continue to moderate the pace of compensation growth, looking at our real estate footprint, and, again, the build-out and utilization of our technical infrastructure across the business.
Q4 2024
Q3 2024
Q2 2024
Q1 2024
And now we are starting to bring AI overviews to the main Search page. We are being measured in how we do this, focusing on areas where gen AI can improve the search experience while also prioritizing traffic to websites and merchants.
We also remain focused on long-term efforts to durably reengineer our cost base. You can see the impact of this work reflected in our operating margin improvement. We continue to manage our headcount growth and align teams with our highest priority areas. Beyond our teams, we are very focused on our cost structures, procurement, and efficiency.
Finally, our monetization path. We have clear paths to AI monetization through Ads and Cloud as well as subscriptions.
Today, more than 60% of funded gen AI start-ups and nearly 90% of gen AI unicorns are Google Cloud customers.
And on subscriptions, which are increasingly important for YouTube, we announced that in Q1, YouTube surpassed 100 million Music and Premium subscribers globally, including trialers.
Waymo's fully autonomous service continues to grow ridership in San Francisco and Phoenix with high customer satisfaction, and we started offering paid rides in Los Angeles and testing rider-only trips in Austin.
Q4 2023
- Alphabet Announces Fourth Quarter and Fiscal Year 2023 Results
- Alphabet Inc. (GOOG) Q4 2023 Earnings Call Transcript
- [2022 Alphabet Annual Report (PDF)]
Q3 2023
Q2 2023
Q1 2023
Q4 2022
- Alphabet Announces Fourth Quarter and Fiscal Year 2022 Results
- Alphabet Inc. (GOOG) Q4 2022 Earnings Call Transcript
- [2022 Alphabet Annual Report (PDF)]
Q3 2022
Q2 2022
Q1 2022
Q4 2021
- Alphabet Announces Fourth Quarter and Fiscal Year 2021 Results
- Alphabet Inc. (GOOG) Q4 2021 Earnings Call Transcript
- 2021 Alphabet Annual Report (PDF)