Alphabet Faces Challenges in Ad Revenue Growth Amid Rising Capital Expenditures
Alphabet is experiencing a slowdown in ad growth as Google Network's revenue fell 4%, while YouTube grew only 11%. Free cash flow dropped by nearly half due to soaring capital expenditures, which hit $36 billion for the quarter. Management raised its full-year capex guidance and expects further increases next year.
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Topics: advertising revenue AI investment capital expenditures free cash flow