Google stock drops 10% as AI search revenue problem shows up in earnings
The Decoder · rss · 2026-10-29
Alphabet shares fell as much as 10% after quarterly earnings: cloud revenue more than doubled to $30.7 billion, but search revenue grew just 12%, below expectations. Google acknowledged that its fast-growing AI Mode generates less revenue than traditional search and is expanding its AI Mode ad program internationally. Some investors believe AI's disruption of search is finally visible in the numbers.
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