Alphabet Search & Other Revenue Growth Slowed to 12% as Query Growth Hit Five-Year High
Photo: TokenPost
Alphabet reported $63.35 billion in third-quarter Google Search & other revenue, a 12% annual gain that slowed from the previous quarter even as query growth reached a five-year high. The revenue category missed analysts’ estimates for a second consecutive quarter. It grew 17% year over year in the second quarter, when it totaled $63.27 billion. Alphabet said its year-over-year Search query growth rate was the highest in five years. Alphabet CEO Sundar Pichai said AI investments were driving increased usage and query growth, including commercial queries.
Source: TokenPost
