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Alphabet Inc. (GOOGL) Q4 2025 Earnings Call Transcript

Alphabet Inc. (GOOGL) Q4 2025 Earnings Call Transcript

Alphabet Inc. (GOOGL) Q4 2025 Earnings Call February 4, 2026 4:30 PM EST

Company Participants

James Friedland – Senior Director of Investor Relations
Sundar Pichai – CEO & Director
Philipp Schindler – Senior Vice President & Chief Business Officer of Google
Anat Ashkenazi – Senior VP & CFO

Conference Call Participants

Brian Nowak – Morgan Stanley, Research Division
Eric Sheridan – Goldman Sachs Group, Inc., Research Division
Douglas Anmuth – JPMorgan Chase & Co, Research Division
Mark Stephen Mahaney – Evercore ISI Institutional Equities, Research Division
Mark Shmulik – Bernstein Institutional Services LLC, Research Division
Michael Nathanson – MoffettNathanson LLC
Ross Sandler – Barclays Bank PLC, Research Division
Kenneth Gawrelski – Wells Fargo Securities, LLC, Research Division
Justin Post – BofA Securities, Research Division

Presentation

Operator

Welcome, everyone. Thank you for standing by for the Alphabet Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Jim Friedland, Head of Investor Relations. Please go ahead.

James Friedland
Senior Director of Investor Relations

Thank you. Good afternoon, everyone, and welcome to Alphabet’s Fourth Quarter 2025 Earnings Conference Call. With us today are Sundar Pichai, Philipp Schindler and Anat Ashkenazi. Now I’ll quickly cover the safe harbor. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially.

Please refer to our Forms 10-K and 10-Q, including the risk factors. We undertake no obligation to update any forward-looking statement. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today’s earnings press release, which is distributed and available to the public through our Investor Relations website located at abc.xyz/investor. Our comments will be