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The Economic Times

Top News / The Economic Times

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Shares in Google owner Alphabet sink on profit miss, ad slowdown

Alphabet has witnessed a notable decline in its net profit and advertising revenue for the third quarter, specifically from July to September. The net profit dropped 25 percent to $26.2 billion, which fell short of analyst predictions. While YouTube's revenue growth has decelerated, Google Cloud's revenue impressive surged by 103 percent. The company reports substantial capital expenditures at $51.

29 Oct 2026 11:14 am