Meta Platforms trades at a lower valuation than Alphabet, but Google Cloud is growing faster. Meta’s recent revenue growth exceeded Alphabet’s. Both are key players in the AI spending debate. Meta reports Q4 results soon, while Alphabet reports in February. Alphabet has a more diversified business and higher valuation compared to Meta.
Alphabet’s revenue grew 16% YoY to $102.3 billion in Q3 2025, driven by ad-supported Google services and Google Cloud’s 34% YoY revenue growth. Capital expenditures for 2025 are estimated at $91-93 billion. With a P/E ratio of 32, Alphabet commands a premium valuation over Meta’s 27.
Meta’s Q3 revenue grew 26% YoY to $51.2 billion, driven by ad revenue on social media platforms. User growth remained healthy at 3.54 billion daily active users. Ad impressions rose 14%, with an average price increase of 10%. Capital expenditures for 2025 are expected to be $70-72 billion.
The choice between Meta and Alphabet comes down to valuation and growth. Meta’s lower valuation and faster growth make it a better buy for growth investors. While Alphabet offers diversity and Google Cloud’s growth, the valuation gap favors Meta. Regulatory risks and advertising revenue dependence affect both companies.

Read more at Nasdaq: Alphabet vs. Meta: Which Is the Better AI Growth Stock to Buy Right Now?