Google-C 2025 Q1 Report

Alphabet Inc. Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),☒☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Alphabet Inc.Form 10-Q TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Note About Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private •the growth of our business and revenues and our expectations about the factors that influence our success andtrends in our business; •fluctuations in our revenues and margins and various factors contributing to such fluctuations;•our expectation that the continuing shift to an online world as the digital economy evolves will continue to benefitour business;•our expectation that the revenues that we derive beyond advertising will continue to increase and may affect ourmargins;•our expectation that our traffic acquisition costs (TAC) and the associated TAC rate will fluctuate, which couldaffect our overall margins;•our expectation that our monetization trends will fluctuate, which could affect our revenues and margins;•fluctuations in paid clicks and cost-per-click as well as impressions and cost-per-impression, and various factorscontributing to such fluctuations; •our expectation that we will continue to periodically review, refine, and update our methodologies for monitoring,gathering, and counting the number of paid clicks and impressions, and for identifying the revenues generated bythe corresponding click and impression activity; •our expectation that our results will be affected by our performance in international markets as users in developingeconomies increasingly come online; •our expectation that our foreign exchange risk management program will not fully offset our net exposure tofluctuations in foreign currency exchange rates; •the expected variability of gains and losses related to hedging activities under our foreign exchange riskmanagement program; •the amount and timing of revenue recognition from customer contracts with commitments for performanceobligations, including our estimate of the remaining amount of commitments and when we expect to recognize •our expectation that our capital expenditures will increase, including our expected spend and the expectedincrease in our technical infrastructure investment to support the growth of our business and our long-term •our plans to continue to invest in new businesses, products, services and technologies, and systems, as well as tocontinue to invest in acquisitions and strategic investments; •our pace of hiring and our plans to provide competitive compensation programs; •our expectation that our cost of revenues, research and development (R&D) expenses, sales and marketingexpenses,and general and administrative expenses may increase in amount and/or may increase as a •estimates of our future employee compensation expenses; •our expectation that our other income (expense), net (OI&E), will fluctuate in the future, as it is largely driven bymarket dynamics; •our expectation that our effective tax rate and cash tax payments could increase in future years; •seasonalfluctuations in internet usage,advertising expenditures,and underlying business trends such astraditional retail seasonality, which are likely to cause fluctuations in our quarterly results; •the sufficiency of our sources of funding; •our potential exposure in connection with new and pending investigations, proceedings, and other contingencies,including the possibility that certain legal proceedings to which we are a party could harm our business, financialcondition, and operating results; •our expectation that we will continue to face heightened regulatory scrutiny, and changes in regulatory conditions, laws, and public policies, which could affect our business practices and financial results; •the expected timing, amount, and effect of Alphabet Inc.'s share repurchases and dividends; •our long-term sustainability goals; •our expectations regarding the timing and successful closing and integration of the Wiz, Inc. ("Wiz") acquisition,including the realization of anticipated benefits; and •ongoing developments surrounding international trade and the related impact on the macroeconomic