Google shares fall as AI search revenue lags
Google's shares dropped as much as ten percent after its quarterly earnings. Cloud revenue more than doubled to $30.7 billion, but search revenue grew only 12 percent, slower than expected. Google said its fast-growing AI Mode brings in less revenue than traditional search.
Quick glossaryGoogle, Quarterly earnings, AI Mode
- The US tech giant best known for its search engine, also running Gmail, YouTube and the Android phone system.
- Quarterly earnings
- A company's public report of how much money it made in the most recent three-month period.
- AI Mode
- Google's search feature that gives AI-generated answers in a chatty format instead of a simple list of links.
Burning Potato score: 62%