In this edition, I’m releasing the most comprehensive Alphabet (Google) financial model and valuation report I’ve built to date — a full forward-looking breakdown through 2036 across Search, Cloud, YouTube, AI subscriptions, and emerging revenue lines.
This model reflects Google’s strategic transition from an overwhelmingly ad-driven business into a hybrid ecosystem of subscription-based AI products, LLM-powered productivity services, and autonomous mobility licensing. Alphabet’s future...