Alphabet reported negative free cash flow of $9.07 billion, versus analysts’ estimate of a $36 million cash burn, as it spends to expand cloud capacity. Google Cloud revenue more than doubled to $30.71 billion in the third quarter, and Alphabet shares fell more than 6% in extended trading.
Alphabet reported negative free cash flow of $9.07 billion, compared with analysts’ estimate of a $36 million cash burn. Shares fell more than 6% in extended trading as the company spent heavily to boost capacity for its cloud business.
Google Cloud revenue more than doubled to $30.71 billion in the third quarter ended September, above analysts’ average estimate of $29.57 billion. The company has expanded enterprise commitments through multi-year cloud and AI infrastructure deals across cybersecurity, retail and financial services.
Alphabet's Gemini model suite saw broader adoption across enterprise software and developer platforms during the quarter. The article says Alphabet, Microsoft, Amazon and Meta are projected to spend well over $700 billion collectively in 2026 to expand AI data centers, chips and networking capacity.
