--- title: Alphabet shares fall 12% after Google says AI Mode... description: Alphabet shares fell more than 12% on Thursday, wiping out $511bn in market value, its biggest loss on record. Chief business officer Philipp Schindler said... canonical: https://daily.dev/posts/alphabet-shares-fall-12-after-google-says-ai-mode-searches-earn-less-bs9k1xtqs twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Alphabet shares fall 12% after Google says AI Mode searches earn less | daily.dev og:description: Alphabet shares fell more than 12% on Thursday, wiping out $511bn in market value, its biggest loss on record. Chief business officer Philipp Schindler said... og:url: https://daily.dev/posts/alphabet-shares-fall-12-after-google-says-ai-mode-searches-earn-less-bs9k1xtqs og:image: https://api.daily.dev/og/posts/bs9K1XTQS.png og:image:alt: Alphabet shares fall 12% after Google says AI Mode searches earn less og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Alphabet shares fall 12% after Google says AI Mode searches earn less **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Alphabet shares fell more than 12% on Thursday, wiping out $511bn in market value, its biggest loss on record. Chief business officer Philipp Schindler said strong growth in AI Mode queries had an impact because of lower monetization in AI Mode. Search revenue rose 12% to $63.35bn, below analysts' estimates for a second straight quarter, versus 19% and 17% growth in the prior two quarters. Paid clicks on search rose 8% year over year. Total revenue rose 25% to $127.6bn, just short of forecasts. Google is now expanding ads in AI Mode to 10 more countries and adding ads to AI Mode follow-up questions in the US. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why did Alphabet stock drop after its latest earnings report Alphabet shares fell more than 12%, wiping out $511bn in market value, after Google's chief business officer Philipp Schindler said strong growth in AI Mode queries hurt revenue because AI Mode searches monetize at a lower rate than traditional search. Search revenue grew only 12% to $63.35bn, missing analyst estimates for a second straight quarter, down from 19% and 17% growth in prior quarters. _Investors weighing AI's impact on ad-funded platforms can follow earnings breakdowns like this on daily.dev._ ### How is Google trying to make more money from AI Mode search ads Google is expanding ads inside AI Mode and AI Overviews to 10 more countries, including Australia, Canada, India, and Singapore, with Brazil, Mexico, and the UK planned for the fourth quarter. In the US, Google is adding ads to follow-up questions within AI Mode conversations. Google says click-through rates are already similar for sponsored and organic product listings in AI Mode. _Developers building on search and ad platforms can track monetization shifts like AI Mode ads on daily.dev._ ### How much did Google's paid click growth slow down in the latest quarter Paid clicks on Google search rose 8% year over year in the most recent quarter, down from 13% growth in the prior quarter. Search and other properties revenue rose 12% to $63.35bn, below analyst expectations, compared to 19% growth in the first quarter and 17% in the second. _Those tracking search advertising trends can follow quarter-over-quarter shifts like this on daily.dev._ ## Similar posts on daily.dev - [Google dominance is cracking in the AI era](https://daily.dev/posts/google-dominance-is-cracking-in-the-ai-era-ozzlwqpwe) · The Next Web · 2 upvotes · 1 comments - [Alphabet won’t talk about the Google-Apple AI deal, even to investors](https://daily.dev/posts/alphabet-won-t-talk-about-the-google-apple-ai-deal-even-to-investors-ektdbjgf1) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#tech-news](https://daily.dev/tags/tech-news), [#google](https://daily.dev/tags/google), [#finance](https://daily.dev/tags/finance), [#ai-search](https://daily.dev/tags/ai-search) [View this post on daily.dev](https://daily.dev/posts/alphabet-shares-fall-12-after-google-says-ai-mode-searches-earn-less-bs9k1xtqs) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Alphabet shares fall 12% after Google says AI Mode searches earn less","url":"https://daily.dev/posts/alphabet-shares-fall-12-after-google-says-ai-mode-searches-earn-less-bs9k1xtqs","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/alphabet-shares-fall-12-after-google-says-ai-mode-searches-earn-less-bs9k1xtqs"},"datePublished":"2026-10-29T17:16:56.157Z","dateModified":"2026-10-29T17:20:52.725Z","description":"Alphabet shares fell more than 12% on Thursday, wiping out $511bn in market value, its biggest loss on record. 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