Published 8 hours ago • loading... • Updated 19 minutes ago

Google’s Larry Page, Sergey Brin Lose Combined $60 Billion As Alphabet Stock Drops

Shares in Alphabet plunged more than 10 per cent in after-hours trading in New York on Wednesday after the company reported weaker-than-expected profit, slower advertising growth, and a sharp rise in artificial intelligence infrastructure spending.
Revenue rose 25 per cent to $127.58 billion in the third quarter, but net income fell 25 per cent to $26.17 billion, impacted by an $8.7 billion loss on equity investments in SpaceX.
Google Cloud revenue surged 103 per cent to $30.7 billion, while Google advertising revenue grew 11 per cent to $82 billion and YouTube advertising revenue increased 9 per cent to $11.2 billion.
Alphabet said its Gemini app reached one billion users, while the Waymo robotaxi service expanded to 15 US cities and the company launched Gemini 4 Argon and Gemini 4 Carbon models.
Capital expenditure reached $51.4 billion this quarter, more than double the prior year, while Alphabet expects spending of $195 billion to $205 billion for 2026 and indicated significantly higher outlays for 2027.

Insights by Ground AI

24 Articles

Google’s Larry Page, Sergey Brin Lose Combined $60 Billion As Alphabet Stock Drops

Investors balked at Alphabet pouring $51.4 billion into capital expenditures, like buying data centers and ramping power capacity, in just three months.

40 minutes ago·Jersey City, United States

Read Full Article

Business Insider

Lean Left

'Burning cash': What Wall Street is saying about Alphabet's dismal 3rd-quarter earnings

Alphabet missed across the board on Q3 earnings. Analysts are now worried about its ability to fund the AI buildout as it faces near-term headwinds.

1 hour ago·New York, United States

Read Full Article

IBTimes UK

Lean Left

Investors Dump Alphabet Stock After Profit Miss, Ad Slowdown and Eye-Watering AI Spending Spree

Alphabet shares drop over 10 per cent as profit misses forecasts, ad growth slows and AI-focused capital spending drives the company into negative free cash flow.

1 hour ago·United Kingdom

Read Full Article

Washington Times

Lean Right

Alphabet stock plummets as AI spending turns cash flow negative

Google's parent company, Alphabet, saw its shares fall as much as 13% in early trading Thursday after it missed profit expectations and reported negative free cash flow as artificial intelligence spending surged. Revenue grew 25%.

1 hour ago·Washington, United States

Read Full Article

The Motley Fool

Lean Left

Is Alphabet a Stock to Avoid or a Once-in-a-Decade Buy on the Dip?

Key PointsAlphabet generated significant growth in the quarter, but earnings fell short of analysts’ estimates.The company’s free cash flow is under pressure as it spends on the AI build-out. Motley Fool Issues Rare "Total Conviction" Buy Alert › Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) shares slipped in early trading following the company's latest earnings report, and this is after a decline of about 20% from a peak back in May. So you may be wond…

2 hours ago·Alexandria, United States

Read Full Article