News Formal

Alphabet revenue misses estimates as ad business takes a hit

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent's digital ad business struggled under an economic slowdown that has choked corporate spending and triggered mass layoffs. Shares of Alphabet, which lost roughly 40 per cent of their value in 2022, were down about

Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent's digital ad business struggled under an economic slowdown that has choked corporate spending and triggered mass layoffs.

Revenue from Google advertising, which includes Search and YouTube, fell to $59.04 billion from $61.24 billion, as advertisers - the biggest contributors to Alphabet's sales - dialed back spending to cope with persistent inflation, high interest rates and recession fears.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 6. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Snap's earnings may hold positive news for Meta, Google -analystsSnap Inc blamed a poor economy and increased competition for its ho-hum quarterly earnings, but a rise in the key ad metric could mean good news for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday.Snap said its direct response business geared towards driving product sales or website
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »