Alphabet Q2 2026 earnings: 14% ad revenue growth, 500k advertisers on AI Max — Thread

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Eric Jul 24, 2026 7:45 am

There are a few effects at play:

  1. little incentive for people who are seeing great results with Google Search to chime in
  2. product improvements aren't universally beneficial for all advertisers. Some advertisers will be crowded out of auctions as targeting improves.
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