According to CoinMeta, as reported by Cailian News on October 29th, Alphabet reported sales of $111.2 billion in the third quarter, which was lower than analysts' expectations of $11.13 billion and a net profit of $2.12 per share. This figure was also significantly below Wall Street's forecast of $2.99. The company's substantial AI investments failed to generate sufficient returns, resulting in a 8.5% decline in the stock price after the market closed. Google Cloud's sales amounted to $30.7 billion, with profits of $11.1 billion, both exceeding expectations. Revenue from search and related services was $63.4 billion, which was lower than the average forecast of $64.9 billion. In the third quarter, the company incurred an equity investment loss of $8.7 billion, mainly due to its holdings in SpaceX and Anthropic. Additionally, the company recorded a negative free cash flow for the second consecutive time, with a deficit of $9.1 billion.