Alphabet revenue up 25% but net profit down 25%; Google Cloud up 103%, AI investment burden increases
Alphabet's July-September results showed revenue rose 25% year-on-year to $127.5 billion, while net profit fell 25% due to factors such as losses from the decline in SpaceX shares. Google Cloud grew 103%, but free cash flow turned negative due to massive AI capital investment. In after-hours trading, the stock price temporarily fell by over 10%.
According to Alphabet's July-September results, revenue reached $127.5 billion, up 25% compared to the same period last year. However, net profit decreased by 25% due to factors such as losses from the decline in SpaceX shares.
Regarding segments, Google Cloud grew rapidly with a 103% increase. Meanwhile, due to massive AI capital investment, free cash flow fell into the red. Following this, the stock price temporarily fell by over 10% in after-hours trading.
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