Internet-Riese: Google-Mutter Alphabet verfehlt Umsatzerwartungen
Das Geschäft von Google wächst weiter - aber nicht mehr so schnell wie noch kürzlich. Anleger sind alarmiert und schicken die Aktie auf Talfahrt.
Mountain View - In the previous quarter, Alphabet, the parent company of Google, fell short of Wall Street's earnings expectations, resulting in a nine percent drop in the company's stock during the post-market trading. Despite the decline, the company reported a 25 percent year-over-year increase in revenue to $127.6 billion. The earnings, however, fell by nearly a quarter to $26.2 billion.
Alphabet's profit trajectory is now heavily reliant on the fluctuating valuations of investments, such as those in the space company SpaceX. Advertising revenue from Google's search, a key revenue source for the conglomerate, grew by 12 percent year-over-year to $63.35 billion, below analysts' expectations of around $65 billion. The revenue from cloud services, traditionally closely watched by the stock market, nearly doubled at $30.7 billion.
Like other tech giants, Alphabet is heavily investing billions in the expansion of infrastructure for artificial intelligence. In the previous quarter, capital investments rose to nearly $51 billion, up from just $45 billion in the previous three months.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
