Alphabet falls more than 9% on the stock market after reporting a negative free cash flow of $9.07 billion
Alphabet shares fell more than 9% after the market close after the group reported negative free cash flow of $9.07 billion in the third quarter, far above the -$2.7 billion expected by analysts. Revenue was a record $127.58 billion, up 25%, but came in below consensus. Net profit fell to $26.17 billion. Google also announced that its Gemini app surpassed 1 billion users.
In 35 seconds
- Negative free cash flow of $9.07 billion, versus the -$2.7 billion expected by analysts
- Revenue of $127.58 billion, up 25%, the fastest growth rate since 2021, but below the $128.22 billion expected
- Net profit of $26.17 billion ($2.12 per share), versus $34.98 billion a year earlier
Read the full story at Expansión
IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.
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