https://www.cnbc.com/2018/07/23/alphabet-cfo-ruth-porat-on-q2-spending.html

Alphabet is still very much an advertising company and its CFO wants to make sure Wall Street knows that it's spending its money accordingly.

Though the stock surged after Alphabet beat expectations on its second quarter earnings, its capital expenditures were eye-catching: Capital spending nearly doubled year-over-year to $5.5 billion. Its operating expenses, meanwhile, hit $10.9 billion, up 24 percent year-over-year.