Alphabet (NASDAQ: GOOGL) delivered another quarter of impressive revenue growth. Its third-quarter 2026 revenue increased 25% year over year to $127.6 billion. Google Cloud more than doubled its revenue, while Google Search continued to grow. Yet, Alphabet shares came under pressure following the earnings announcement. Investors are increasingly concerned about the company's advertising business and the enormous amount of money it is spending on artificial intelligence. So, what's happening with Alphabet? Here are three things investors should understand.
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