"Alphabet recently reported its earnings results for the third quarter, delivering stellar results that exceeded analysts' expectations. Revenue of $102 billion marked the tech giant's first quarter with revenue exceeding $100 billion. Meanwhile, earnings per share of $2.87 came in well above analysts' expectations of $2.27 per share. Google Search has been core to Alphabet's business since its early days, and is a major driver of revenue for Google through advertising and sponsored search results."
"Alphabet leveraged its position as a top search engine by utilizing its own AI models and integrating them into its search results through AI Overview and AI Mode. By leveraging its own LLMs, Google saw an uptick in queries, with adoption being more pronounced among younger individuals. Looking forward, new AI products like AI Max are helping Google monetize by opening up billions of new searches. With this tool, customers can leverage AI to"
Alphabet posted third-quarter revenue of $102 billion, its first quarter above $100 billion, and reported earnings per share of $2.87, beating expectations. Google Search and other revenue increased 15% year over year to $56.6 billion, driven by advertising and sponsored search. Alphabet integrated its own large language models into search through AI Overview and AI Mode, producing an uptick in queries with stronger adoption among younger users. Concerns that LLMs would erode advertising revenue have not materialized so far. New AI products such as AI Max are positioned to create billions of additional monetizable searches and deepen AI-driven revenue growth.
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