Alphabet Q3 AI spend hits $51.3 billion, shares fall over 10%
Briefing by News4U · First published
Alphabet reported Q3 revenue of $127.6 billion and a net loss of $8.7 billion from SpaceX valuation drop; free cash flow turned negative $9.1 billion.
Sina Finance reported that Alphabet posted third-quarter revenue of $127.6 billion and net profit of $26.2 billion, both missing analyst estimates, while free cash flow fell to negative $9.1 billion from negative $5.9 billion in the prior quarter. [1]
Capital expenditure rose to $51.3 billion from $44.9 billion, and the company confirmed its AI Mode is reducing traffic and monetization in its core search business, which grew 12 percent to $63.4 billion, below the expected $64.9 billion. [1]
Alphabet shares dropped more than 10 percent in after-hours trading, and the company disclosed future data-center and energy commitments exceeding $1 trillion while planning to raise about $85 billion through equity issuance. [1]
Sources
- 谷歌股价暴跌10% 第三季度人工智能支出达513亿美元引发担忧
Sina Finance · · Full text