Business & Economy
Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending
Source: Business | The Guardian · Published
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant. The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI. Net profit slid 25% from a year earlier to $26.2bn in the July-to-September period, or $2.12 a share, well short of expectations by analysts surveyed by FactSet.
Continue reading...
Related stories
Google says its investments in AI are driving more searches
Google parent company Alphabet says that its AI investments are leading to a big growth in searches year-over-year, as noted in its Q3 2026 earnings today . "Our AI investments are driving overall Search query growth, including commercial queries," CEO Sundar Pichai says in a sta
The Verge ·
Google expands AI Search ads globally as core ad growth slows
The announcement came alongside parent company Alphabet's third-quarter earnings report, which saw revenue grow 25% year over year to $127.6 billion.
TechCrunch ·
Google announces Gemini 4 Carbon, its latest frontier AI model that you can't use
It's almost like Google's got something to prove after taking a break from releasing new frontier AI models earlier this year. Just two weeks after rolling out Gemini 4 Argon , Google has announced Gemini 4 Carbon . This isn't the Flash model equivalent we've been waiting for but
Ars Technica - All content ·
As AI agents reshape the web, Google opens Gemini and Search to more apps
A new developer platform will let businesses bring their services to Google's AI experiences, potentially changing how consumers discover and use apps.
TechCrunch ·
GSK shares dive as weaker vaccine sales unnerve investors
British pharma company one of biggest fallers on FTSE 100 despite better than expected financial results Business live – latest updates Shares in GSK slid on Wednesday despite the UK drugmaker reporting better than expected financial results, as investors were unnerved by weaker
Business | The Guardian ·