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The company has been spending relentlessly to build A.I.
Chronology
Alphabet’s Revenue Rises 25% as Profit Falls
The company has been spending relentlessly to build A.I.
- The New York Times: Alphabet’s Revenue Rises 25% as Profit Falls
- Bloomberg: Alphabet Reports Disappointing Revenue, Income; Shares Drop
- The Wall Street Journal: Google Shares Fall 10% as Growth in Search Revenue Slows
- Anadolu Agency: Alphabet's revenue jumps 25% to $127.6B in Q3
- The Straits Times: Alphabet shares fall after revenue miss, cash burn worsens
Reporting
- Alphabet’s Revenue Rises 25% as Profit Falls
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 Reports Disappointing Revenue, Income; Shares Drop
Alphabet Inc. reported quarterly sales and profit that fell short of expectations, a sign that the company is failing to generate enough return to justify its massive investments in AI. - Breaking: Alphabet shares tumble after Google’s parent company reported sales and profit that fell short of expectations
- Google Shares Fall 10% as Growth in Search Revenue Slows
Despite strength in its cloud-computing division, the company had negative free cash flow of $9.1 billion.
- Alphabet's revenue jumps 25% to $127.6B in Q3
Google Cloud revenue surges 103% to $30.7B, while net income falls to $26.5B
- Alphabet shares fall after revenue miss, cash burn worsens
The tech giant reported negative free cash flow of $11.62 billion.
Earlier on MacroDigest
- Google Shares Fall 10% as Growth in Search Revenue Slows
- Alphabet’s Revenue Rises 25% as Profit Falls
- Alphabet Reports Disappointing Revenue, Income; Shares Drop
- Alphabet set to report Q3 earnings after the bell as shaky AI trade looks for signs of strength
- Alphabet set to report third-quarter earnings after the bell
- Alphabet set to report third-quarter earnings after the bell