Alphabet posts revenue growth but AI spending drives cash outflow, shares tumble

The Independent • 29 Oct 22:14

Alphabet reported a 12% drop in its share price, wiping about $500 billion from its market value after earnings showed lower-than-expected ad revenue and a first quarterly loss of free cash flow linked to AI investments.

BBC • 29 Oct 21:52

Alphabet's shares fell nearly 13% after a quarterly report showed a 25% profit drop and negative free cash flow tied to heavy AI investment, wiping out more than $500bn in market value.

Ars Technica • 29 Oct 16:24

Alphabet posted a 25% year-over-year revenue increase to $128 billion in Q3, yet AI-driven search delivered less ad revenue than traditional search, contributing to a negative cash flow of $9.06 billion.

Business Insider • 29 Oct 15:41

Alphabet's shares fell 12% after its third-quarter results triggered a 'death cross' technical signal, as the 50-day moving average dropped below the 200-day average.

The Register • 29 Oct 01:12

Alphabet's third-quarter results showed a slowdown in AI-mode search monetization, contributing to a drop in net income despite record query growth and continued high capital expenditures.

CNBC • 29 Oct 00:23

Alphabet reported Q3 revenue below expectations, prompting a near-10% drop in its stock while analysts debate the impact of AI-driven search changes on its ad business.

The Globe and Mail • 28 Oct 20:21

Alphabet missed profit and revenue forecasts, reporting a $9.07 billion free-cash-flow deficit and a 25% drop in net income, while AI-related capital spending accelerated.

24/7 Wall St. • 28 Oct 20:01

Alphabet is scheduled to release its third-quarter earnings, with analysts noting strong revenue growth but a decline in free cash flow and a significant increase in long-term debt.

CNBC • 28 Oct 16:00

Alphabet posted revenue of $127.58 billion for the third quarter, beating estimates, while free cash flow fell to $9.07 billion, below analysts' expectations.