Alphabet's heavy cloud spending drives bigger-than-expected cash burn
According to LSEG data, Alphabet's negative free cash flow far exceeded analyst predictions, which had estimated a cash burn of only $36 million. The disparity is attributed to the company's heavy spending on cloud capabilities.
Key points
- Negative free cash flow reached $9.07 billion
- Cash burn significantly exceeded analyst estimates
- Spending was driven by cloud infrastructure investments
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