Google’s free cash flow continued tanking in its third quarter of the year.
The tech giant had reported its first negative free cash flow figure as a public company back in July in its second quarter earnings, when it came in at negative $5.9 billion. On Wednesday, Google reported that number had dropped even lower to negative $9.07 billion. The quarterly revenue of $127.58 billion also missed market expectations, and the tech giant reported that its long-term debt was up to $125.1 billion. The company also shared that it had made future purchase commitments of roughly $1 trillion.
Meanwhile, executives shared that they are planning to spend significantly more money in the next fiscal year than they did this year. Google is expecting to have spent somewhere between $195 billion and $205 billion this fiscal year.…