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Shares in Google owner Alphabet plummet on profit miss, ad slowdown

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Shares in Google owner Alphabet plummet on profit miss, ad slowdown

Shares in Google parent Alphabet fell more than 10 percent in after-hours trading Wednesday as the company reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI. Net profit slid 25 percent from a year earlier to

Directly affected

  • GOOGL Alphabet-6.5% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Alphabet belongs to, so it often moves with news about it.

  • META Meta Platforms-7.9% 30d

    Meta Platforms is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • APP AppLovin-12.8% 30d

    AppLovin is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • BSP Bending Spoons S.p.A

    Bending Spoons S.p.A is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • ZM Zoom Communications+2.1% 16d

    Zoom Communications is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

  • FLUT Flutter Entertainment-22.2% 16d

    Flutter Entertainment is a peer of Alphabet in computer programming, data processing, etc.; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GOOGLNo price data for this ticker———————
XLKNo price data for this ticker———————
METANo price data for this ticker———————
APPNo price data for this ticker———————
BSPNo price data for this ticker———————
ZMNo price data for this ticker———————
FLUTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Shares in Google owner Alphabet plummet on profit miss, ad slowdown Yahoo Finance

Source: Yahoo Finance

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Shares in Google owner Alphabet plummet on profit miss, ad slowdown” scores 12 out of 100. The score uses 1 sources.