谷歌AI搜索变现难题显现于财报，投资者担忧成真

AI 摘要

谷歌第三季度搜索收入同比增长12%，低于分析师预期的15%，导致股价一度下跌10%。管理层承认，快速增长的AI模式查询变现能力低于传统搜索，这印证了投资者对AI搜索侵蚀核心业务的担忧。与此同时，云业务收入同比增长103%至307亿美元，资本支出单季达514亿美元，公司计划继续大幅加码AI基础设施。

正文节选

Google's AI search problem finally shows up in the earnings report, some investors believe Key Points - Google's stock dropped as much as ten percent after search revenue grew just 12 percent in the third quarter, missing the 15 percent analysts had expected. - Management acknowledged that the fast-growing AI mode brings in less revenue than traditional search. Cloud revenue, by contrast, more than doubled year over year to $30.7 billion, up 103 percent. - Google is doubling down on AI buildout:

发布时间：2026-10-29 18:16

抓取时间：2026-10-30 01:18

来源机构：THE DECODER