Name: Alphabet’s AI strategy pays off as search revenue surges
Uploaded: 2025-10-30T03:18:02.453Z
Duration: 1 min 24 s
Description: Alphabet’s Q3 results show strong search growth and over 650 million Gemini users, easing fears AI could undercut its ad business.

Alphabet’s Q3 results show strong search growth and over 650 million Gemini users, easing fears AI could undercut its ad business.

Mountain View

Alphabet has reported robust financial performance, with its search and other revenue reaching $56.57 billion, surpassing analyst estimates. The company's capital expenditure guidance is now between $91 billion and $93 billion, aligning closely with major competitors in the cloud sector. Alphabet's Gemini AI app continues to compete with OpenAI's ChatGPT, attracting 650 million monthly active users. While the company's 'other bets' segment, including Waymo, fell short of revenue expectations, YouTube revenue exceeded forecasts at $10.26 billion. Cloud revenue also saw notable growth, increasing by 34% year-over-year to $15.16 billion, as Alphabet aims to strengthen its position in the cloud market.

Alphabet’s AI strategy pays off as search revenue surges

Alphabet, though, Google's parent, doing better than the rest. Let's get back to Mackenzie Sagalos for some more details on that report. Mack. Hey there, John. So one number that we were looking out for is its full-year CapEx guide. It's now ranging between $91 billion and $93 billion. That puts it very close to the numbers that we've seen from Microsoft and Amazon, the two biggest spenders in that cloud war. They've got CapEx commitments of around $100 billion. It's backlog number, so that's the best indicator of future revenue. That's coming in at $155 billion. Also key here, it's a Gemini app, which goes head-to-head with OpenAI's ChatGBT. It's looking at monthly active users of 650 million versus OpenAI's 800 million. I want to bring you that all-important search and other revenue number. This is its cash cow for the company. We're looking at $56.57 billion for that segment, beating estimates of $55.1 billion. We are seeing a miss in its other bets revenue. That's $344 million versus the $433.1 million. That's where its Waymo business lives. One other thing for you I've got, John, is your Q3 YouTube revenue. That's beating estimates at $10.26 billion versus the $10.01 billion expected. And last thing I'll say for you, that cloud revenue growth, that percentage growth, 34 percent higher from a year earlier to that $15.16 billion as it looks to come up the ranks from that third-place position. Back to you guys.

President Trump will hold a bilateral meeting with Chinese President Xi Jinping. This is their first face-to-face since Mr. Trump returned to the White House. Jessi Mitchell anchors this Special Report.

Gyeongju-si

Trump, Xi Jinping meet face-to-face in South Korea over trade

The Bank of Canada made a 25-basis-point cut to its key interest rate while governor Tiff Macklem suggested rates will hold where they are as long as inflation stays in the target range of two per cent.

Ottawa

Bank of Canada cuts key interest rate to 2.25%

After leaving Jamaica with widespread power outages and flooding, Melissa caused fatal flooding in Haiti that has killed 25 people and hit Cuba with a storm surge.

Port-au-Prince

Hurricane Melissa causes floods in Haiti, killing at least 25

Fentanyl production tops the agenda as the U.S. and China discuss curbing exports tied to the deadly opioid crisis.

Fentanyl crackdown central in U.S.-China talks

APEC members face economic uncertainty amid rising US-China rivalry—South Korea prepares for potential fallout from high-stakes talks.

U.S.-China trade tensions leave South Korea navigating APEC fallout

President Putin announced that the Poseidon super torpedo was successfully tested and cannot be intercepted, marking a new stage in Russia’s naval capabilities.

Moscow

Russia says its successfully tested nuclear-capable underwater drone

The Justice Department has put D.C. prosecutors on leave after they submitted a court memo describing those who attacked the Capitol on January 6, 2021 as "rioters." The filing was in a case involving Taylor Taranto, who was part of the Capitol riot and is currently facing unrelated weapons charges.

Washington

DOJ sidelines prosecutors over Jan. 6 'rioters' court filing

Sean Grayson, the former Illinois sheriff's deputy who shot and killed Sonya Massey in her home in 2024, was found guilty of second-degree murder.

Illinois

Ex-officer found guilty of murder in Sonya Massey shooting

President Donald Trump is sending America's largest aircraft carrier to the Caribbean to help stop small boats he says are transporting drugs to the U.S. Trump says the U.S. is in "armed conflict" with Venezuelan drug cartels.

U.S. masses more naval forces off coast of Venezuela

The U.S. Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut.

Fed lowers interest rates by 0.25 percentage points

The police operation was one of the most violent in Brazil’s recent history, with human rights organizations calling for investigations into the deaths.

Rio de Janeiro

Raid on Rio drug trafficking gang leaves at least 64 dead

Hurricane Melissa made landfall in Cuba on Wednesday after ripping through Jamaica. CBS News' Jarred Hill has more details.

Havana

Hurricane Melissa makes landfall in Cuba after slamming Jamaica

U.S. President Donald Trump landed in South Korea on Wednesday (October 29) for the final leg of his Asia trip, optimistic about striking a trade war truce with Chinese President Xi Jinping after summit talks with South Korea's Lee Jae Myung.

Busan

Trump lands in South Korea, hopes to strike deal with China's Xi

The U.S. Embassy in Mali is urging all American citizens to leave the country immediately, warning of rising terror threats and a worsening fuel crisis caused by a jihadi blockade.

Bamako

U.S. Embassy urges Americans to leave Mali immediately

Israeli planes launched strikes in Gaza on Tuesday (October 28) after Israel accused the militant group Hamas of violating a ceasefire in the Palestinian territory, marking the latest test of a fragile deal brokered earlier this month by U.S. President Donald Trump.

Jerusalem

Israel strikes Gaza after accusing Hamas of violating ceasefire

Nvidia CEO Jensen Huang said on Tuesday (October 28) that the artificial intelligence chip leader will build seven new supercomputers for the U.S. Department of Energy, and said the company has $500 billion in bookings for its AI chips.

Nvidia will build AI supercomputers for U.S. Energy Department

25 states are suing the Trump administration to stop federal food aid from being suspended amid the government shutdown. All but two of those states, Nevada and Vermont, have a democratic governor.

25 states sue Trump administration over SNAP food stamp funding freeze

A federal judge is ordering a top Border Patrol official in charge of operations in Chicago to give nightly reports to the court after agents were accused of potentially violating limits on their arrest and crowd control tactics.

Chicago

Judge admonishes ICE leader in Chicago after violations

The U.S. military struck four more alleged drug vessels on Monday, killing at least 14 people and leaving one survivor. It marks the 11th time in under two months the U.S. has carried out strikes on vessels allegedly trafficking narcotics.

Caracas

Latest U.S. strikes on alleged drug boats kill at least 14 people

Major League Baseball says it's weighing a ban on all prop betting, which is a wager on an individual player or event that isn't necessarily tied to the outcome.

Los Angeles

MLB weighing ban on all prop betting

Israeli Prime Minister Benjamin Netanyahu said he has ordered the military to carry out powerful strikes on the Gaza Strip. This comes after Israel accused Hamas of violating their fragile peace deal by returning the wrong remains of a hostage.

Middle East Conflict

Netanyahu orders strikes on Gaza over wrong hostage remains

Hurricane Melissa, a massive Category 5 storm, made landfall in Jamaica, barreling in from the Atlantic with 185 mph sustained winds, the National Hurricane Center said. CBS News meteorologist Jessica Burch has more.

Kingston

Hurricane Melissa makes landfall in Jamaica

The ASEAN bloc of Southeast Asian nations and China signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new industries, Beijing's Commerce Ministry said.

Kuala Lumpur

Global Tariffs

China and ASEAN, hit by U.S. tariffs, sign upgraded free trade pact

President Trump met with new Japanese Prime Minister Sanae Takaichi on Tuesday and signed a trade agreement that the countries made over the summer. CBS News' Ramy Inocencio has the latest.

Tokyo

Trump touts trade deals with Japan, heaps praise on new prime minister

Argentina's president, Javier Milei's party, has won a decisive victory in Sunday's mid-term elections. The vote is seen as a support for his economic reforms and drastic austerity measures. In recent weeks, U.S. President Donald Trump had pledged a 40-billion-dollar bailout to bolster Argentina's failing economy and had endorsed Milei publicly.

Buenos Aires

Argentine markets jump after Milei party victory

Venezuela is accusing the U.S. of preparing a false flag attack as the U.S. continues to escalate its military presence in the Caribbean after carrying out multiple deadly strikes on boats the Trump administration said were carrying drugs.

Venezuela accuses U.S. of preparing false flag attack

U.S. President Donald Trump declined to meet with Canada's Prime Minister Mark Carney as trade tensions linger, while China and the United States moved toward easing tariffs.

China urges free trade amid U.S. tariff talks at ASEAN summit

Ten people are on trial in Paris for spreading false rumors about French first lady Brigitte Macron’s gender and personal life. The case, involving influencers and online figures, comes as the Macrons also pursue legal action in the U.S. over similar attacks spread by far-right media.

Paris

Brigitte Macron harassment trial opens in Paris

Millions of Americans are set to lose Supplemental Nutrition Assistance Program (SNAP) benefits and federal food aid starting Nov. 1 as the government shutdown continues, according to a post on the U.S. Department of Agriculture's website.

Millions of Americans set to lose SNAP benefits starting Nov. 1

The USS Gravely docked in Trinidad and Tobago as the Trump administration signals possible land strikes against Venezuela. CBS News national security correspondent Charlie D'Agata has more details.

Breakdown