"There was one underperformer across Google's 13 billion-dollar business lines, CEO Sundar Pichai noted in the company's opening remarks to investors. Google Search, YouTube Ads, Google Subscriptions, Google Cloud, Google Devices and Google Services revenues were all up by double-digit percentages. But the Google Network segment, which is the company's breakout for publisher earnings in its web-wide ad network, decreased by almost $200 million, and totaled nearly $7.4 billion in Q3."
"The term "AI" came up more than 90 times, not to mention another 15 mentions of "agents" and "agentic" solutions. Eight investors got in questions during the earnings, each of whom focused their question(s) on various AI products, mainly regarding search AI Overviews and Gemini. Not just AI Agentic AI tech is center stage, but there are other exciting opportunities for meaningful revenue growth and monetization potential, even by Google standards."
"Not just AI Agentic AI tech is center stage, but there are other exciting opportunities for meaningful revenue growth and monetization potential, even by Google standards. One such example is Waymo. The self-driving car service is pretty cool, but at what point does that business get more fully integrated into the core Google platform? Waymo has great data that might be incorporated into Google's core identity graph, like "What hotel I'm staying at, what airport I'm staying at," Morgan Stanley Managing Director Brian Nowak said."
Alphabet reported Q3 revenue of $102.3 billion, up 16% year over year, and net profit rose one-third to $35 billion. Most Google segments delivered double-digit growth, including Search, YouTube Ads, Subscriptions, Cloud, Devices and Services. The Google Network segment declined by nearly $200 million to about $7.4 billion. Major DOJ antitrust rulings and the publisher ad tech case were not mentioned on the earnings call. Executives referenced AI over 90 times and "agents" about 15 times, with investors focusing questions on Search AI Overviews and Gemini. Waymo was identified as a potential monetization and data-integration opportunity.
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