Search revenue missed forecasts and free cash flow went negative. Bank of America now values Google’s core search business at about 10 times earnings, against 18.7 for the S&P 500.
Google owner admits ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations
Alphabet (GOOGL) shares suffered their worst post-earnings sell-off on record, as investors grew increasingly concerned about the cost of the artificial intelligence boom. The Google parent...
Shares of Google parent company Alphabet sank 12.6%, the company’s worst ever single-day drop.
Alphabet stock recorded its worst-ever day on Thursday, dropping 12.29 percent by close of day; Alphabet is the owner of Google, among other companies. The drop came despite the very strong...
Discontent with the Google parent’s quarterly results highlights the tensions of its transition from search engine to artificial-intelligence hyperscaler.
Company reports 25% revenue growth, but quarterly infrastructure spending crosses $51 billion; lower advertising revenue from AI-powered Search queries adds to concerns
Alphabet has witnessed a notable decline in its net profit and advertising revenue for the third quarter, specifically from July to September. The net profit dropped 25 percent to USD 26.2...
Net profit slid 25 percent from a year earlier to $26.2 billion in the July-to-September period, or $2.12 per share
Despite Google Cloud revenue doubling and operating income tripling, nervous investors drove Alphabet's shares down 10% in after-hours trading.
The company has been spending relentlessly to build A.I. and said it would increase those investments next year. Profit dropped because of changes to the value of its investments.
Alphabet’s revenue grew 25 per cent and Google Cloud sales more than doubled, but an earnings miss and $9.07 billion in negative free cash flow rattled investors
Google parent company Alphabet Inc. came up short of Wall Street expectations despite strong revenue growth in its third-quarter results, which sent its stock falling in after-hours trading...
Google Cloud doubled its revenue in Alphabet's Q3 earnings, yet Google stock still fell about 11% the next morning.
Google's stock dropped as much as ten percent after its quarterly earnings. Cloud revenue more than doubled to $30.7 billion, but search revenue grew just 12 percent, slower than expected. Google...
The Mountain View, California-based company said its net income was $26.17 billion in the July-September period. That's down from $34.98 billion in the same period a year earlier.
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
Alphabet reported a larger negative free cash flow than analysts had expected while maintaining its spending gudiance for the year.
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