Alphabet shares fall as Google misses on sales, debuts YouTube revenue - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Revenue from Google’s cloud service rose 53% to $2.6 billion in the quarter and advertising on YouTube rose 31% to $4.7 billion.

But new concerns have emerged among investors about whether its dominance will last as US antitrust regulators investigate Google and as Amazon.com Inc and Facebook Inc continue to grow their ads businesses globally. Google ad sales in the holiday shopping quarter were $37.93 billion, up 16.7% from the same period last year, while Google’s “other” revenue bucket including app store purchases and cloud computing deals rose 21.6% to $7.88 billion.“The stock was priced for perfection, and a top-line miss was enough to send it lower,” said Michael Pachter, analyst at Wedbush Securities. “YouTube was impressive at $15 billion for the year, Cloud less so at $8.9 billion.

For the fourth quarter, Alphabet’s total costs and expenses rose 18.5% from a year ago to $36.809 billion. In December, Pichai gained the additional role of Alphabet CEO from Larry Page as he and fellow co-founder Sergey Brin stepped back even further from day-to-day management. Shares of Alphabet are up 28.1% in the last 12 months entering Monday, compared with 21.8% for Facebook shares, 23.5% for Amazon, 68.1% for Microsoft Corp and 88.7% for Apple IncAlphabet Chief Financial Officer Ruth Porat said the outbreak of a new coronavirus in China could affect the company’s hardware business if it leads to protracted work stoppages in Asia.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Embattled Tshwane Mayor announces resignation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Embattled City of Tshwane Mayor Stevens Mokgalapa has announced he intends to resign from his position at the end of February. Iyoh Bye bye and good riddance! Mr Libido finally packed his bags?
Source: SABC News Online - 🏆 32. / 51 Read more »

Tracking the coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The death toll from the coronavirus is increasing every day. New cases are being reported around the world. Below is a Live Tracking of the cases, death toll and other information: I thought there was also a confirmed case in Botswana?
Source: SABC News Online - 🏆 32. / 51 Read more »

Massive storm hits Eastern Cape - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Alice in the Eastern Cape is under water after it was hit by a massive storm on Sunday afternoon. 😱😱😱😱All prayers for Alice 🙏🙏🙏🙏 What a shame they needed water but not this much
Source: SABC News Online - 🏆 32. / 51 Read more »

Eskom load shedding continues - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The embattled state-owned power utility Eskom says stage 2 loadshedding will continue until Monday morning. Read more: And hopefully end's on Monday morning. You got it all wrong, it will continue until Thursday Three times a day on a sunday come on south africa surely you can do better for your people
Source: SABC News Online - 🏆 32. / 51 Read more »