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Google beats on Q2 earnings but increased capex spending sends stock lower

Daniel Howley · Technology Editor

Updated Wed, July 23, 2025 at 1:11 PM PDT 2 min read

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Google parent Alphabet (GOOG, GOOGL) reported its second quarter earnings after the bell on Wednesday, beating expectations on the top and bottom lines on the strength of its advertising and cloud businesses. But the company said capital expenditures will climb to $85 billion. Google previously projected $75 billion.