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As of Q4'25, GOOG's current contract liabilities reached 6.58B USD, marking the highest value in the observed period from Q1'23 to Q4'25. This latest data point reflects a significant increase from the previous quarter, where liabilities stood at 5.54B USD in Q3'25. Over the period from Q1'23 to Q4'25, GOOG's current contract liabilities demonstrated a generally upward trend, with notable acceleration in the latter quarters of 2025. After a period of moderate growth and some fluctuations between 3.72B USD and 4.90B USD from Q1'23 through Q1'25, liabilities surged sharply in the second half of 2025, rising by over 1B USD each quarter in Q3'25 and Q4'25. This pattern suggests increased deferred revenue or prepayments, potentially indicating stronger customer commitments or shifts in contract structures.