Alphabet revenue was about $127.58 billion, roughly $600–700 million below Wall Street
Adjusted EPS was $2.67, versus consensus at $3.02
Advertising fell short, and free cash flow plunged by about $9.07 billion
Cloud, on the other hand, doubled to about $30.7 billion
The market showed no mercy
The stock briefly dropped about 10% after hours
On the Square, $GOOGLB was down about 12% today
The current price is around $286, and it’s still volatile
Cloud held up; advertising didn’t
AI answers are chipping away at search habits
Query volume can rise, while ad monetization gets thinner
Management itself admitted that weaker monetization in AI Mode is weighing on search growth
The CFO also raised the 2027 capex outlook
The more money they burn, the more the market sees it as a “crack in the core business” and punishes the stock
My take
This isn’t just an ordinary earnings miss
It’s the first time the market has voted with real money: AI is starting to siphon off search advertising and eat into its core
Even surging cloud growth can’t cover up that hit to advertising
Microsoft beat expectations and turned higher the same night, while Google was left reeling
The divergence is already written into the charts
Risk assets weren’t idle either—$BTC —so don’t dismiss overnight stock-market sentiment
$GOOGLB $BTC
#Alphabet misses earnings expectations, falls 10% after hours #股票财报季 #BTC
Adjusted EPS was $2.67, versus consensus at $3.02
Advertising fell short, and free cash flow plunged by about $9.07 billion
Cloud, on the other hand, doubled to about $30.7 billion
The market showed no mercy
The stock briefly dropped about 10% after hours
On the Square, $GOOGLB was down about 12% today
The current price is around $286, and it’s still volatile
Cloud held up; advertising didn’t
AI answers are chipping away at search habits
Query volume can rise, while ad monetization gets thinner
Management itself admitted that weaker monetization in AI Mode is weighing on search growth
The CFO also raised the 2027 capex outlook
The more money they burn, the more the market sees it as a “crack in the core business” and punishes the stock
My take
This isn’t just an ordinary earnings miss
It’s the first time the market has voted with real money: AI is starting to siphon off search advertising and eat into its core
Even surging cloud growth can’t cover up that hit to advertising
Microsoft beat expectations and turned higher the same night, while Google was left reeling
The divergence is already written into the charts
Risk assets weren’t idle either—$BTC —so don’t dismiss overnight stock-market sentiment
$GOOGLB $BTC
#Alphabet misses earnings expectations, falls 10% after hours #股票财报季 #BTC
