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GOOG Revenue by Segments

Revenue by Segments

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In Q3'25, Google Services generated $87.05B, marking its highest quarterly revenue in the period and continuing its dominant contribution to overall totals. Google Cloud reached $15.16B, reflecting accelerated growth, while Other Bets contributed a modest $344M. Hedging gains (losses) recorded a -$207M impact, slightly offsetting the segment performances. From Q4'22 to Q3'25, Google Services revenue trended upward overall, rising from $67.84B to $87.05B with notable acceleration in later quarters, though it dipped to $61.96B in Q1'23 before recovering strongly. Google Cloud exhibited consistent expansion, increasing from $7.32B to $15.16B, underscoring its emerging significance in the portfolio. Other Bets remained volatile and minor, fluctuating between $261M and $897M without a clear growth trajectory, while the one-time hedging loss in Q3'25 highlights potential financial risks in currency exposures. The stacked bar chart illustrates Google Services as the overwhelming revenue driver, comprising over 80% of totals in most quarters, with Google Cloud's share growing from ~10% to nearly 15%, signaling diversification potential amid stable but low contributions from Other Bets.