Alphabet's Cloud Spending Causes Larger Cash Burn Than Expected
Alphabet reported a negative free cash flow of $9.07 billion, far exceeding analysts' estimate of $36 million, due to heavy investments to expand its cloud business capacity. Google Cloud's revenue more than doubled to $30.71 billion in Q3, surpassing estimates. As the third-largest cloud provider, Alphabet benefits from growing enterprise AI spending, with strong demand for cloud-based AI training and infrastructure deals across sectors.
ET Tech·


