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Charlie Bilello: Google Q2 revenues reach record $120 billion as cloud and equity gains surge

Charlie Bilello: Google Q2 revenues reach record $120 billion as cloud and equity gains surge
Google Q2 revenue and net income soar

Charlie Bilello, chief market strategist at Creative Planning, reports that Google posted a 24% year-over-year increase in Q2 revenues, reaching a new record of $120 billion.

Net income climbed 298% to a record $112 billion, with $98 billion attributed to unrealized gains in equity securities, including those from SpaceX and Anthropic. Cloud revenue also grew 82% year-over-year to $25 billion.

Bilello has previously highlighted shifts in major U.S. markets. In a recent post, he reported that U.S. sports betting wagers climbed from $6.6 billion in 2018 to $165 billion in 2025. He also noted that U.S. national debt rose by $3.2 trillion in a single year. These recent figures provide further context to his market coverage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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