Alphabet Posts Strong AI-Driven Quarter as Rates Lift Worries
Alphabet reported Q2 revenue of $119.80 billion, up 24.2%, with Google Cloud accelerating to 82% growth to $24.77 billion. Despite the strong top line, Q2 free cash flow fell to negative $5.86 billion as long-term debt rose from $46.5 billion to $98.2 billion, and buybacks were suspended amid rising rate worries.