Alphabet Google Cloud Revenue Hits 31 Billion

Alphabet just posted a massive third quarter with total revenue jumping twenty-five percent to one hundred twenty-seven billion dollars. Google Cloud did the heavy lifting here by more than doubling its own revenue to thirty point seven billion. But here is the catch. Earnings tumbled to two dollars and twelve cents a share. That drop came from an eight point seven billion dollar paper loss on equity investments like SpaceX. And the spending is wild. Alphabet splashed out fifty-one billion dollars on capital expenditures in just three months. That massive AI buildout pushed their free cash flow deep into the red at negative nine point one billion dollars. Investors panicked and dumped the stock after hours because Alphabet is funding this push with shareholders money instead of its own cash.