Alphabet Q3 2026: YouTube ad revenue up 9% to $11.2B, but stock drops on miss
Alphabet posted 25% overall revenue growth driven by Search and Cloud, yet shares fell as results missed Wall Street targets.
What to know
- YouTube ad revenue rose 9% year-over-year to $11.2 billion, but the figure came in below Wall Street estimates.
- Alphabet's overall revenue grew 25% to $128 billion, led by Search (+12%) and Cloud (+103%), extending a 13-quarter streak of double-digit growth.
- Net income fell over 25% and EPS dropped to $2.12 from $2.87, driven by an $8.2 billion hit from Alphabet's SpaceX investment, and shares dropped despite the growth.
- Alphabet kept its 2026 capex guidance at $195–205 billion but signaled significantly higher AI infrastructure spending for 2027.
Sundar Pichai Alphabet CEOAnat Ashkenazi Alphabet CFOAlphabet Parent company of Google and YouTube
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What people are saying 2 voices from 2 sites · verbatim
- Oct 28
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YouTube Q3 Ad Revenue Growth Slows, Rising 9% to $11.2 Billion, as Alphabet Misses Earnings Estimates https:// variety.com/2026/digital/news/ youtube-q3-2026-ad-revenue-alphabet-google-earnings-1236933560/?utm_source=flipboard&utm_medium=activitypub Posted into Top Stories in Tech @ top-stories-in-tech-thenewsdesk
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What stood out to me: YouTube ad revenue grew 15 percent during Q3 2025, but YouTube ad revenue growth slowed to 9.3 percent during Q3 2026. Red flag, given that this is a political year when candidates and causes are spending big against social media and social video. 🚩🚩🚩