Alphabet Grows Search and YouTube Revenue by Double Digits Amid Increased Competition
by Adweek
Adweek— Despite the threat posed to Google’s search dominance by new generative AI competitors, revenue from the channel soared in the first quarter of 2024. Google brought in more than $46 billion in search revenue, a 14% year-over-year increase and the most the company’s search revenue has grown in two years. Google once again branded itself as an AI-first company, with AI developments complementing, and not undermining, its ad offerings. “We have a clear path to AI monetization that includes...
Search Engine Land—Google Search revenue increases 14% YoY to $46 billion. Google Search (as well as YouTube) continues to be the biggest driver of Alphabet's increase in overall revenue.
Automotive News Europe—France sets new targets for EV sales amid growing Chinese competition. A pact between the government, French business groups and unions aims for a fourfold increase in the sale of BEVs to 800,000 a year in 2027.
RCR Wireless News—True aims to increase AI-driven revenue in digital services to 30% by 2027. True also hopes to use AI to automate 100% of its repetitive processes within the next three years, according to its Chief Digital Officer.