Business & Finance
Google widens ads in AI Mode to more countries as Search growth cools
Alphabet's third-quarter results showed Search revenue growth slowing to 12% and shares falling 8%.
The short version
- Google is scaling ads in AI Mode to 10 new countries, including Australia, Canada, India, Kenya and Singapore.[CNET]
- Alphabet reported $127.6 billion in revenue, up 25%, but Search revenue growth slowed to 12% and shares fell 8%.[TechCrunch]
- Google Chief Business Officer Philipp Schindler says AI Mode sponsored listings get click-through rates comparable to organic listings.[TechCrunch]
- Launches in Brazil, Mexico and the UK are planned for later this year.[CNET]
Key facts
- Alphabet reported third-quarter revenue of $127.6 billion, up 25% year over year.[TechCrunch]
- Google Search revenue grew 12% year over year in the third quarter, down from 17% in the second quarter and 19% in the first.[TechCrunch]
- Alphabet shares fell 8% following the third-quarter results.[TechCrunch]
- Google is scaling ads in AI Mode to 10 new countries, including Australia, Canada, India, Kenya and Singapore.[CNET]
- Click-through rates for sponsored product listings in AI Mode are comparable to organic listings, according to Google Chief Business Officer Philipp Schindler.[TechCrunch]
- Google Cloud revenue rose 103% to $30.7 billion.[TechCrunch]
What remains uncertain
- Schindler's claim that AI Mode ad click-through rates match organic listings is company-provided and not independently verified.[TechCrunch]
- Launches in Brazil, Mexico and the UK are planned for later this year, and the reporting gives no specific dates.[CNET]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.