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Alphabet’s Q3 Revenue Rises 25% as Profit Falls and Google Says AI Search Earns Less

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Alphabet reported nearly $128 billion in third-quarter 2026 revenue, up 25 percent year over year, but net income fell by almost $9 billion to just over $26 billion. Earnings per share of $2.12 missed the $3.02 consensus forecast, and Alphabet shares were down almost 12 percent at the time of publication. Google acknowledged that AI search earns less than organic search. The company nevertheless expects to increase AI spending next year.

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Latest development10/30 00:24 (UTC+8)
Google admits AI search makes less money, but it's fixing that with more adsArs Technica · AI

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10/30
  1. Ars Technica · AI
    Google admits AI search makes less money, but it's fixing that with more ads

    Alphabet reported almost $128 billion in Q3 2026 revenue, up 25 percent year over year, but net income fell almost $9 billion to more than $26 billion. Earnings per share of $2.12 missed the $3.02 consensus projection, and shares were down almost 12 percent at publication. Google acknowledged that AI search earns less than organic search while expecting to increase AI spending next year.

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