Alphabet Slides After a Search Miss, and Google Says AI Mode Earned Less
Alphabet said AI Mode queries are growing fast, but lower monetization and weaker search revenue weighed on results.
10 Articles
10 Articles
Alphabet Stock Plunges Over 10% as Search Ad Growth Slows
Alphabet (NASDAQ: GOOGL) shares fell more than 10% to $291.49 in pre-market trading Thursday after the Google parent reported weaker-than-expected third-quarter earnings, as slowing search advertising growth and heavy artificial intelligence spending overshadowed strong demand for its cloud services. Alphabet reported diluted earnings of $2.12 per share for the quarter ended September 30, down from $2.87 a year earlier.Visit Website
Alphabet Slides After a Search Miss, and Google Says AI Mode Earned Less
Google’s search ads business grew 12% last quarter, to $63.4 billion, and Wall Street still marked it down. Alphabet shares fell about 10% in extended trading Wednesday after search revenue came in below analyst estimates for the second quarter in a row, CNBC reported. Other lines in Alphabet’s third-quarter earnings release looked far stronger. Revenue rose 25% to $127.6 billion, and Google Cloud more than doubled, up 103% to $30.7 billion. Net…
Alphabet's actions, the Google matrix, sank almost 10% this Wednesday. The reason was an uncomfortable confession in full presentation of results: searches made with artificial intelligence leave him much less money than usual. Do you still remember them? Those ads next to the links. So ... Continue reading "Google in your own trap: search AI attracts users but does not pay the USD 51 billion that costs"
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