The Google parent posted an 18% rise in fourth-quarter revenue to nearly $114 billion, beating Wall Street expectations

Google parent company posted better-than-expected fourth-quarter results, with revenue growing 18% year over year to $114 billion and net profit jumping 30% to $34.5 billion.

For the full year, Alphabet hit a record $403 billion in revenue, while profit reached about $132 billion.

And now, the company plans to nearly double capital spending to $175 billion–$185 billion this year, up from about $92 billion in 2025, largely to build AI-ready data centers.

Recently, Meta and Microsoft also unveiled significant spending plans.