Alphabet's search revenue came in below estimates for a second straight quarter
Search and other revenue grew 12% from a year ago to roughly $63 billion, below estimates for the second straight quarter. Google said search query growth was the strongest in five years, while the stock plummeted about 13% on Thursday, the steepest drop on record.
NoteWhile search remains a massive business, early signs of a shift are appearing, CNBC says. The gap between usage and revenue is getting harder to dismiss as AI tools draw more queries, including Google's own.
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