<ol>
 <li>Growth in subscriptions, platforms, devices, and Google Cloud exceeded expectations.</li>
 <li>Core search and advertising revenue also outperformed projections, indicating stability in the search business. However, competition with MSFT and META is expected to intensify.</li>
</ol>

Growth in subscriptions, platforms, devices, and Google Cloud exceeded expectations. Core search and advertising revenue also outperformed projections, indicating stability in the search business. However, competition with MSFT and META is expected to intensify.

Alphabet's long-term valuation is still relatively low compared to other large tech companies

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Alphabet's long-term valuation is still relatively low compared to other large tech companies

Alphabet's long-term valuation is still relatively low compared to other large tech companies