TMTB: GOOGL INTC Earnings Summaries
On the road…will have thoughts on GOOGL in the morning wrap tomorrow after I go through in more detail…
GOOGL +5%
Search AI Enhancements and User Engagement
Search saw continued double-digit revenue growth…AI Overviews…has more than 1.5 billion users every month…we continue to see monetization at approximately the same rate…we released AI Mode…we’re getting really positive feedback…the volume of commercial queries has increased…Circle to Search is now available on more than 250 million devices, with usage increasing nearly 40% this quarter.
Advertising Revenue Dynamics
Google Services revenues were $77 billion, up 10% year-on-year, driven by strong growth in Search and YouTube…Search and other advertising revenues increased by 10% to $50.7 billion…YouTube Advertising revenues increased 10% to $8.9 billion, driven by direct response advertising, followed by brand…changes to the de minimis exemption will obviously cause a slight headwind to our ads business in 2025, primarily from APAC-based retailers.
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