Google's parent company Alphabet has registered a major single-day share price decline of 13 percent. This marks the largest one-day drop since the company went public in 2004.

Market value and cash flow impact

This significant drop resulted in a reduction of approximately Rs 48 lakh crore in the company's market value. Additionally, the company's free cash flow reached minus 9.07 billion dollars.

During the September quarter, the company's search advertising revenue was recorded at 63.35 billion dollars, reflecting an increase of 12 percent. Meanwhile, Microsoft's capital expenditure and finance lease stood at 45.2 billion dollars, up by 30 percent.

Revenue and expenditure details

The company has maintained its capital expenditure guidance for the current year between 195 billion dollars and 205 billion dollars.