Internet-Riese: Langsameres Wachstum in Google-Kerngeschäft alarmiert Börse

Alphabet's core business at Google is experiencing slower-than-expected growth, disappointing Wall Street investors. Despite a 25% increase in quarterly revenue to $127.6 billion, the company missed analyst expectations, causing Alphabet's stock to drop by nearly 9% following fresh financial results. The profit margin also declined by around a quarter to approximately $26.2 billion. However, the decline is attributed to fluctuations in the valuation of investments, particularly in the space company SpaceX.

The revenue generated from Google searches, a crucial income source for the conglomerate, grew by about 12% year-over-year to $63.35 billion. This figure fell short of analysts' expectations, who projected a figure around $65 billion. Google CEO Philipp Schindler revealed during a conference call with analysts that the number of search queries has not grown as rapidly as it has in the past five years.

Nonetheless, ad slots in AI mode are currently less lucrative for the corporation compared to traditional search engine operations.

Cloud services, which traditionally receive significant attention from investors, saw a nearly twofold increase in revenue to $30.7 billion, surpassing market expectations. Google is developing its own AI models under the name Gemini and also offers its servers to other businesses for cloud services. Alphabet has allocated billions of dollars to expand its AI infrastructure, with capital investments surging to over $51 billion in the last quarter, up from nearly $45 billion in the previous three months.