Alphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit fell 25% to $26.17 billion despite a 25% revenue jump to $127.58 billion. Negative free cash flow of $9.1 billion and surging capital expenditure raised market concerns.
Alphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit fell 25% to $26.17 billion despite a 25% revenue jump to $127.58 billion. Negative free cash flow of $9.1 billion and surging capital expenditure raised market concerns.
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