Google owner Alphabet’s shares plummet on profit miss, ad slowdown
Alphabet, Google's parent company, saw its shares drop over 10 percent in after-hours trading following a 25 percent decline in net profit to $26.2 billion for Q3 2026. The company reported lower-than-expected earnings and a slowdown in advertising revenue, while committing to increased capital expenditure in 2027. Investors will be watching for further developments in the ad market.