Google’s Q3 Search Revenue Misses Forecast as AI‑Powered Queries Monetize Slower

In the third quarter, Google’s search revenue rose 12 % to $6.34 billion, falling short of the 15 % growth analysts expected. CEO Sundar Pichai noted that AI‑mode queries are expanding rapidly but generate less revenue per query than traditional search, a point echoed by executive Philipp Schindler on the earnings call. Despite the shortfall, Google reported that overall search query volume grew at its highest five‑year rate and that the company remains optimistic about the long‑term trajectory. The company also announced plans to broaden its chatbot advertising program in the U.S. and abroad. Meanwhile, Google Services revenue climbed 11 % to $96.3 billion, and Google Cloud revenue doubled year‑over‑year to $30.7 billion, driven by heavy investment in AI infrastructure.