Mountain View, 29 October 2026 – Alphabet Inc., the parent company of Google, reported third-quarter revenue of US$127.6 billion, up 25% from a year earlier but below market expectations. Google Search and other advertising revenue rose 12% to US$63.3 billion, while net income fell to US$26.2 billion and earnings per share came in at US$2.12 after an US$8.7 billion loss on equity investments. The figures have sharpened investor scrutiny of whether artificial-intelligence features are strengthening Google’s search franchise or beginning to divert value from it.
For Asian businesses and investors, the results matter because search remains a major route to customers, advertising demand and commercial information across the region. Alphabet said query growth was its fastest in five years and that its Gemini app had reached one billion users, yet the slower-than-expected advertising performance shows that higher usage does not automatically produce equivalent monetisation. The confirmed numbers point to a transition that companies building digital channels, data infrastructure and online services will need to monitor closely.
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