Google Says Lower AI Mode Monetization Weighed On Search Growth
AI summary Revenue from Alphabet's Search & Other segment rose 12% year over year to $63.35 billion in Q3 2026, down from growth of 19% in Q1 and 17% in Q2. Chief Business Officer Philipp Schindler said currency swings, retail and media were the main drags, while strong AI Mode query growth also weighed because those queries earn less. Google is extending AI Mode ads to ten more countries, among them India and Canada, and introducing ads in follow-up questions in the U.S. CFO Anat Ashkenazi expects a slightly bigger currency headwind in Q4, when ads should also reach Brazil, Mexico and the U.K.