{
  "id": 16972473,
  "title": "Shares in Google parent Alphabet plummet on profit miss, ad slowdown",
  "url": "https://urgent.news/2026/10/28/shares-in-google-parent-alphabet-plummet-on-profit-miss-ad-slowdown",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T22:21:10.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/29/shares-in-google-parent-alphabet-plummet-on-profit-miss-ad-slowdown"
  },
  "original_language": "en",
  "account": "Alphabet's shares in Google plummeted over 10% in after-hours trading after the company reported lower-than-expected profit and a slowdown in its advertising business during Q3. The parent company spent US$51.4 billion on capital expenditure, mostly on data centers and AI chips, which was more than double the amount spent a year earlier. Net profit decreased by 25% to US$26.2 billion, or US$2.12 per share, missing analyst expectations. Revenue increased by 25% to $127.6 billion, slightly below the $128 billion forecast. Advertising revenue grew by 11% to US$82.0 billion, below expectations. Google's search business, the company's largest income source, saw a 12% rise in revenue to US$63.4 billion, while YouTube's advertising revenue grew by 9% to US$11.2 billion. The company's \"Other Bets\" division, which includes Waymo, posted a revenue of US$372 million and an operating loss of US$2.0 billion. In 2026, Alphabet plans to spend between US$195 billion to US$205 billion on capital expenditures.",
  "summary": "Net profit slid 25% from a year earlier to US$26.2 billion in the July-to-September period, well short of expectations by analysts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Alphabet shares fall after revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/28/alphabet-shares-fall-after-revenue-miss-cash-burn-worsens",
        "published": "2026-10-28T20:07:24.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Alphabet’s Google Cloud revenue doubles to $31 billion as cash flow stays deep red",
        "url": "https://urgent.news/2026/10/28/alphabets-google-cloud-revenue-doubles-to-31-billion-as-cash-flow",
        "published": "2026-10-28T20:40:15.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Alphabet shares fall after revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/28/alphabet-shares-fall-after-revenue-miss-cash-burn-worsens-16960880",
        "published": "2026-10-28T21:13:08.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Nasdaq-100 futures dip as Alphabet shares sell off after earnings report: Live updates",
        "url": "https://urgent.news/2026/10/28/nasdaq-100-futures-dip-as-alphabet-shares-sell-off-after-earnings",
        "published": "2026-10-28T22:08:08.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Shares in Google owner Alphabet plummet on profit miss, ad slowdown",
        "url": "https://urgent.news/2026/10/28/shares-in-google-owner-alphabet-plummet-on-profit-miss-ad-slowdown",
        "published": "2026-10-28T22:38:03.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Alphabet shares fall after revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/28/alphabet-shares-fall-after-revenue-miss-cash-burn-worsens-16971179",
        "published": "2026-10-28T22:48:42.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Alphabet shares fall after revenue miss, cash burn worsens",
        "url": "https://urgent.news/2026/10/28/alphabet-shares-fall-after-revenue-miss-cash-burn-worsens-16981055",
        "published": "2026-10-28T23:54:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}