Shares in Google owner Alphabet sink on profit miss, ad slowdown
Economic Times 1 hr ago·29 Oct 2026, 5:44 am
Alphabet, the parent company of Google, reported a significant drop in its third-quarter profit, missing analyst expectations. The company's net income fell by 25 percent, driven by a slowdown in advertising revenue across its core platforms. This decline highlights growing challenges in the digital ad market, a key revenue source for the tech giant.
Despite the broader slowdown, Alphabet's cloud computing division saw robust growth, with revenue surging by over 100 percent. This segment is increasingly becoming a critical pillar for the company's future. Investors are closely watching how Alphabet balances its heavy investments in new technologies with its traditional advertising business to maintain steady growth.
Excerpt from Economic Times
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