Right now it's heavily content-dependent on the query type. For YMYL (health, finance, legal) topics, EEAT is absolutely crushing everything else - sites without clear author credentials and proper expertise signals are getting buried regardless of their backlink profile. For commercial/transactional queries, fresh content quality seems to be winning over traditional backlink authority, which explains why new domains with decent content are outranking established sites.
Backlinks still matter but more for discovering content and initial trust rather than direct ranking power - Google seems to be prioritizing user engagement signals and content relevance over pure link authority. The biggest shift is that they're treating these signals dynamically based on search intent rather than applying a universal weighting across all queries.