Google begins testing ads in AI Mode for Personal Intelligence users
Google / Wikimedia Commons (Public domain)
The company's Gemini-powered conversational search is getting sponsored results beyond its home turf, with advertisers getting few controls over placement
Alphabet Inc. (GOOGL) price
Full chart and statsLoading chart…
- Last close
- $321
- Close-to-close change
- +1.2%
- Market cap
- $3.9T (shares as of 2026-06-30)
- P/E (trailing)
- 16.1 (EPS to 2026-06-30)
- Annual revenue
- $402.8B USD (FY ended 2025-12-31) 10-K
- Annual revenue growth
- +15.1% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
- Annual net income
- 132,170,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
- Annual operating margin
- 32.0% (FY ended 2025-12-31)
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Alphabet Inc. and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$321 | $3.9T | 16.1 | Unavailable | $402.8BFY ended 2025-12-31 · 10-K | +15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K | 32.0%FY ended 2025-12-31 |
|
|
$317 | $3.9T | 15.9 | Unavailable | $402.8BFY ended 2025-12-31 · 10-K | +15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K | 32.0%FY ended 2025-12-31 |
|
|
$620 | $1.6T | 21.2 | Unavailable | $201.0BFY ended 2025-12-31 · 10-K | +22.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 60,458,000,000FY ended 2025-12-31, attributable to the company · 10-K | 41.4%FY ended 2025-12-31 |
|
|
$263 | $88.1B | 20.2 | Unavailable | $5.5BFY ended 2025-12-31 · 10-K | +70.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 3,333,751,000FY ended 2025-12-31, attributable to the company · 10-K | 75.8%FY ended 2025-12-31 |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:51 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Token vs underlying stock
Current comparison for GOOGL. Historical observations may postdate this article.
GOOGLx token unit vs GOOGL share · USD
-15.0% over displayed period
● GOOGLx token┄ GOOGL stock: $320.58
Source: CoinGecko + Gloria · Retrieved Oct 28, 21:15 UTC · Delayed
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 378.19 | 377.65 | 2026-08-04 20:00 |
| 2026-08-05 | 363.03 | 362.43 | 2026-08-05 20:00 |
| 2026-08-06 | 358.14 | 357.75 | 2026-08-06 20:00 |
| 2026-08-07 | 355.20 | 354.30 | 2026-08-07 20:00 |
| 2026-08-10 | 357.76 | 357.52 | 2026-08-10 20:00 |
| 2026-08-11 | 344.26 | 343.80 | 2026-08-11 20:00 |
| 2026-08-12 | 344.44 | 343.54 | 2026-08-12 20:00 |
| 2026-08-13 | 347.06 | 346.36 | 2026-08-13 20:00 |
| 2026-08-14 | 346.47 | 345.90 | 2026-08-14 20:00 |
| 2026-08-17 | 344.71 | 344.00 | 2026-08-17 20:00 |
| 2026-08-18 | 344.71 | 344.20 | 2026-08-18 20:00 |
| 2026-08-19 | 345.42 | 344.72 | 2026-08-19 20:00 |
| 2026-08-20 | 341.21 | 340.67 | 2026-08-20 20:00 |
| 2026-08-21 | 345.60 | 344.82 | 2026-08-21 20:00 |
| 2026-08-24 | 348.94 | 348.06 | 2026-08-24 20:00 |
| 2026-08-25 | 347.59 | 346.96 | 2026-08-25 20:00 |
| 2026-08-26 | 342.69 | 342.00 | 2026-08-26 20:00 |
| 2026-08-27 | 341.18 | 340.65 | 2026-08-27 20:00 |
| 2026-08-28 | 347.10 | 346.59 | 2026-08-28 20:00 |
| 2026-08-31 | 339.89 | 339.35 | 2026-08-31 20:00 |
| 2026-09-01 | 335.42 | 335.02 | 2026-09-01 20:00 |
| 2026-09-02 | 337.78 | 337.12 | 2026-09-02 20:00 |
| 2026-09-03 | 342.96 | 342.48 | 2026-09-03 20:00 |
| 2026-09-04 | 339.38 | 338.46 | 2026-09-04 20:00 |
| 2026-09-08 | 338.99 | 338.36 | 2026-09-08 20:00 |
| 2026-09-09 | 331.31 | 330.65 | 2026-09-09 20:00 |
| 2026-09-10 | 333.00 | 332.60 | 2026-09-10 20:00 |
| 2026-09-11 | 339.44 | 338.50 | 2026-09-11 20:00 |
| 2026-09-14 | 350.02 | 349.39 | 2026-09-14 20:00 |
| 2026-09-15 | 345.54 | 344.98 | 2026-09-15 20:00 |
| 2026-09-16 | 343.72 | 342.87 | 2026-09-16 20:00 |
| 2026-09-17 | 348.19 | 347.33 | 2026-09-17 20:00 |
| 2026-09-18 | 349.96 | 349.54 | 2026-09-18 20:00 |
| 2026-09-21 | 355.68 | 354.97 | 2026-09-21 20:00 |
| 2026-09-22 | 351.84 | 351.16 | 2026-09-22 20:00 |
| 2026-09-23 | 338.83 | 337.83 | 2026-09-23 20:00 |
| 2026-09-24 | 343.15 | 342.36 | 2026-09-24 20:00 |
| 2026-09-25 | 344.56 | 343.92 | 2026-09-25 20:00 |
| 2026-09-28 | 343.44 | 342.75 | 2026-09-28 20:00 |
| 2026-09-29 | 341.65 | 340.92 | 2026-09-29 20:00 |
| 2026-09-30 | 344.99 | 344.08 | 2026-09-30 20:00 |
| 2026-10-01 | 339.14 | 338.24 | 2026-10-01 20:00 |
| 2026-10-02 | 344.17 | 343.50 | 2026-10-02 20:00 |
| 2026-10-05 | 347.05 | 346.47 | 2026-10-05 20:00 |
| 2026-10-06 | 348.53 | 347.68 | 2026-10-06 20:00 |
| 2026-10-07 | 351.27 | 350.50 | 2026-10-07 20:00 |
| 2026-10-08 | 348.51 | 348.29 | 2026-10-08 20:00 |
| 2026-10-09 | 352.71 | 351.66 | 2026-10-09 20:00 |
| 2026-10-12 | 353.57 | 352.72 | 2026-10-12 20:00 |
| 2026-10-13 | 354.45 | 353.78 | 2026-10-13 20:00 |
| 2026-10-14 | 347.97 | 347.64 | 2026-10-14 20:00 |
| 2026-10-15 | 350.19 | 349.22 | 2026-10-15 20:00 |
| 2026-10-16 | 341.50 | 340.59 | 2026-10-16 20:00 |
| 2026-10-19 | 345.25 | 344.18 | 2026-10-19 20:00 |
| 2026-10-20 | 340.61 | 340.28 | 2026-10-20 20:00 |
| 2026-10-21 | 335.85 | 334.76 | 2026-10-21 20:00 |
| 2026-10-22 | 324.33 | 324.22 | 2026-10-22 20:00 |
| 2026-10-23 | 321.30 | 320.21 | 2026-10-23 20:00 |
| 2026-10-26 | 317.69 | 316.80 | 2026-10-26 20:00 |
| 2026-10-27 | 321.43 | 320.58 | 2026-10-27 20:00 |
Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko GOOGLx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Google is bringing ads to AI Mode, its conversational search feature, in international markets.
What’s changing
AI Mode runs on Google’s proprietary Gemini models. It lets users type longer, more conversational queries and get synthesized answers instead of a list of blue links.
Monetizing it internationally is a big deal because of how far the product already reaches. On October 7, 2025, Google expanded AI Mode to more than 40 new countries and territories. That pushed the total footprint to over 200 markets and more than 35 languages, with a particular focus on Europe.
Thailand and the Thai language are among the supported markets.
For advertisers, the mechanics are notably hands-off. Ads that show up in AI Mode come through existing campaign types: Performance Max, Shopping, and broad-match or AI Max Search campaigns. Newer ad formats built with Gemini are still being tested.
Google offers no dedicated placement controls for AI Mode ads, no separate reporting, and no opt-out. If a campaign qualifies, it is eligible automatically.
The personalization question
In mid to late October 2026, Google confirmed it had started testing ads in AI Mode for signed-in users who use Personal Intelligence features. Personal Intelligence lets users link apps such as Gmail and Google Calendar to their search experience. The reported test dates fall between October 16 and October 20, 2026.
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That move marked a reversal. In March 2026, these integrated experiences were expected to stay ad-free.
Under the new approach, context pulled from connected apps will shape personalized ad preferences. Google has said user data stays private and has stated explicitly that advertisers will not get access to personal content.
How we got here
AI Mode is not Google’s first attempt at putting ads inside AI-generated answers. The company has been steadily expanding ads in AI Overviews, the AI summaries that appear at the top of standard search results.
On December 19, 2025, Google quietly extended AI Overviews ads to 11 additional English-speaking markets, including Australia, Canada, and India.
What this means
For advertisers, the immediate implication is reach without granularity. AI Mode now spans more than 200 markets, which opens a large new surface for ads. But with no separate reporting, brands will struggle to isolate how their AI Mode placements perform versus regular search.
The European emphasis of the October 2025 expansion adds another layer. Personalized advertising drawn from connected apps is the sort of practice that tends to attract scrutiny in markets with strict privacy rules. Any future decision to extend the Personal Intelligence ad test into those regions will be worth watching.
The key things to watch are whether Google adds dedicated controls or reporting for AI Mode placements, how the Gemini-built ad formats perform once they leave testing, and whether the Personal Intelligence ad test expands beyond its current scope.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
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