Alphabet se deja un 9% en Bolsa tras reportar una caída de 'cash flow' mayor de la prevista

Alphabet's stock fell over 9% after the tech giant reported lower than expected cash flow in the third quarter. The company's cash flow turned negative at $9.07 billion, significantly higher than the -2.7 billion forecasted by analysts. Meanwhile, Alphabet's earnings for the third quarter were $127.58 billion, a 25% increase compared to the same period last year, the fastest growth rate since 2021.

However, the earnings fell short of the market consensus of $128.22 billion. Net profits dropped to $26.17 billion, or $2.12 per share, compared to $34.98 billion, or $2.87 per share, in the previous year. Alphabet's search-related revenue was $63.35 billion, lower than the $64.96 billion estimated by analysts. Extraordinary income of $99.03 billion from stock stakes in SpaceX and Anthropic boosted the results in the second quarter but hurt the third quarter, causing a $8.66 billion loss.

Google's capital expenditure (capex) rose to $51.36 billion, higher than the $55.09 billion forecasted by analysts. Despite the concerns over increased spending on AI development, Google continues to heavily invest in the growth of artificial intelligence. This investment contributed to a substantial growth in cloud computing revenues, reaching $30.7 billion, surpassing the $28.7 billion forecasted by analysts.

The cloud services segment generated revenues of $30.7 billion, an 90% increase from the $28.7 billion forecasted by analysts. Alphabet maintains its market share in this business against major competitors Amazon and Microsoft Azure. The company's focus on AI models is bearing fruit. Google announced that its Gemini application has reached one billion users, making it the fastest-growing product in Alphabet's history.

Alphabet CEO Sundar Pichai told analysts that the company is experiencing strong demand for its recently launched Argon Gemini model, adding that the upcoming Carbon version outperforms Argon "in almost every aspect."