Google Stock Extends Losses Following 12% Earnings Plunge

Google stock (GOOG, GOOGL) extended its losses, falling another 1% following a steep 12% plunge earlier in the week. The historic sell-off—marking the company’s worst day since going public in 2004—was triggered by a third-quarter earnings miss, where Google reported earnings per share of $2.12 on $127.58 billion in revenue, falling short of Wall Street expectations. Additionally, the company’s free cash flow worsened to negative $9.06 billion, fueling ongoing investor anxieties regarding massive capital expenditures in artificial intelligence.

Despite the broader market slide and mounting pressures from competitors like Meta’s new Muse AI agent, pockets of growth remain. Google Cloud revenue surged past projections to reach $30.71 billion, and CEO Sundar Pichai announced that the Gemini app has surpassed 1 billion users. Furthermore, Google recently debuted its latest frontier AI model, Gemini 4 Carbon, and secured a partnership with Oracle to supply AI processors for data centers, even as analysts continue to debate whether the tech giant’s heavy investments in AI will successfully protect its core monetization models.