Google earnings preview: Ad spending is accelerating despite antitrust battle

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Google parent Alphabet Inc. may have an antitrust problem, with a raft of U.S. Justice Department-led lawsuits, but that hasn’t fazed its profit machine one bit.“We believe Alphabet is well-positioned to capitalize on the digital ad trend, participate in the cloud’s growth, innovate with AI, benefit from digital transformation and leverage a leaner cost structure,” Monness Crespi Hardt analyst Brian White said in a mostly positive note Thursday.

The dominant search-engine business, which is the subject of an ongoing federal trial in Washington, D.C., continues to rack up billions of dollars in advertising sales despite an overall downturn in that market, and generative-AI projects are integrated into Google products.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

U.S. stocks open higher as investors digest jobless claims, await Fed’s PowellIsabel Wang is a Markets Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks climb, Treasury yields rise as investors await PowellJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »