According to CoinMeta, the financial report released by Alphabet failed to meet market expectations, resulting in a 9.74% drop in GOOGL's stock price during after-hours trading, closing at $293.80, which is a decrease of $31.09 from the regular trading close price of $324.89. Alphabet reported third-quarter revenue of $127.58 billion, lower than the market's expectation of $127.93 billion, and both search and YouTube advertising revenues fell short of expectations. Although Google Cloud achieved 103% annual growth with revenue reaching $30.71 billion, exceeding the expected $29.1 billion, the overall performance did not boost market confidence.