Business · 30 October 2026
Alphabet reports Q3 earnings miss as AI search revenue lags, stock falls 12%
Alphabet posted Q3 2026 revenue of $128 billion, net income down $9 billion to $26 billion, and earnings per share of $2.12 versus $3.02 expected, after admitting AI search generates less revenue than organic search. The company's stock dropped about 12 percent following the earnings release.
Why it matters
Benchmark AI search monetization against organic search; users may see more ads as Google pushes ad spend to offset shortfall.
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