Alphabet shares fall 10% premarket after third-quarter search miss and negative free cash flow
AIAlphabet shares fell about 10% in premarket trading after its third-quarter results. Search advertising grew 12% to $63.35 billion but missed analyst expectations, and free cash flow was negative $9.07 billion.
AIWhy it matters.
The report gives the search revenue, free cash flow, and capital expenditure figures behind Alphabet's share drop, useful for comparing AI spending returns with Microsoft.
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CNBC · Technology · cnbc.comPublished · added here
Original title: Alphabet falls 10% in premarket, putting it on course for its biggest ever post-earnings drop