Google's search revenue growth slows - 12% in the third quarter after about 17% in the second
Google's search revenue rose 12% year over year in the third quarter, compared with about 17% in the second, The Verge calculates. Ad clicks grew just 8%, down from 13% a quarter earlier, even though search queries are growing at their fastest pace in five years. Philipp Schindler, Google's chief business officer, attributes the slowdown mainly to currency effects but acknowledges that the company earns less on AI Mode queries than on regular search. Alphabet shares have fallen about 14% since the results were published.