Tech

Google had a very good, very bad Q3

9to5Google·Oct 29, 2026 · 6:00 AM CT
Read the original at 9to5Google
Readthrough summary

In its Inbox newsletter, 9to5Google's Daniel Bader calls Alphabet's third quarter both very good and very bad.

Revenue rose 25% and net income reached $26 billion. Google Cloud is booming, doubling year-over-year revenue to $30 billion as frontier AI labs rent its data centers. But advertising revenue missed expectations, and the stock fell as much as 11% in after-hours trading.

The big question, Bader writes, is whether Google can make enough money from AI-powered search before demand for traditional search ads falls off. Google says AI Mode and AI Overviews keep people on Google three times longer than classic search, and it is expanding ads there, while investors fret over the huge capital spending tied up in data center buildouts.

Key points

  • Revenue +25%; net income $26B
  • Cloud revenue doubled to $30B
  • Shares fell up to 11% after hours

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at 9to5Google.

Read the original at 9to5Google

More Tech

Cloudflare Blog·

Cloudflare DDoS Threat Report 2026 Q3: More swarms, fewer giants

Cloudflare's Q3 2026 DDoS report finds short, small attacks (under 10 minutes and 1 Gbps) surged 208% while hyper-volumetric attacks over 1 Tbps fell nearly 69% from Q2, possibly after law enforcement took down four big IoT botnets. Attackers also dropped CLDAP floods almost entirely and shifted to DNS amplification, up 215%.

Amazon News·

Alexa for Shopping adds 100+ new capabilities to make shopping even faster and easier

Amazon says Alexa for Shopping has added more than 100 new capabilities, letting customers manage lists, registries, Subscribe & Save, payments and memberships just by asking. Over 400 million customers used it in the past 12 months, and use of its agentic features has grown more than eightfold since January.

TechCrunch·

Wabi, the AI agent that builds mini apps, now valued at $1.25B after latest round

Wabi, the personal AI agent from Replika founder Eugenia Kuyda, raised $55 million at a $1.25 billion valuation. The startup began as a prompt-based app builder and last month pivoted to an AI messenger that builds mini apps on demand for tasks like meal planning or date nights.

ZDNet·

Mistral’s Le Chonk is now a top open model for coding, ranking alongside Codex GPT-6.1 Terra

French lab Mistral has released the weights for Mistral Large 4, a trillion-parameter model nicknamed "Le Chonk." Its score on the Terminal-Bench 4.0 agentic coding test jumped from 28% in preview to 41%, edging GLM-5.3, and its overall index score of 48 ties Codex GPT-6.1 Terra, ZDNet reports.