Google Cloud revenue reaches $30.7 billion with 103 percent growth

Google's cloud computing business brought in $30.7 billion last year, more than double its revenue from the previous year. The result beat what analysts had predicted. However, Alphabet, Google's parent company, did not perform as well overall. Total revenue reached $127.6 billion, which was below forecasts, and advertising income of $82 billion also disappointed. Net profit dropped 25 percent to $26.2 billion. The company spent heavily on artificial intelligence, with research costs rising 71 percent to $7.7 billion. Free cash flow was negative for the second quarter in a row. Alphabet plans to spend up to $205 billion on new infrastructure in 2026. After the results were announced, the company's share price fell around 10 percent.