Alphabet Q3 2023 Earnings: YouTube Ad Sales Jump 12.5% to $7.9 Billion

  • 📰 Variety
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

YouTube reported $7.95 billion in ad revenue for Q3 2023, up 12.5%, as parent Alphabet overall topped Wall Street forecasts.

Internet video giant YouTube larded its coffers with $7.95 billion in ad revenue for third quarter of 2023, representing a 12.

5% year-over-year increase, as parent Alphabet overall topped Wall Street forecasts. Analysts had projected YouTube advertising revenue to come in at $7.81 billion for the quarter, per FactSet. The stronger-than-expected results come after YouTube fell

 

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:

 /  🏆 108. in BUSÄ°NESS

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.

General Electric surges on Q3 earnings beat, 2023 profit forecast boostGE Aviation once again powered the group's third quarter top and bottom lines, with GE now forecasting full-year free cash low north of $5 billion.
Source: startelegram - 🏆 248. / 63 Read more »

GM earnings blast forecasts, but $200 million a week strike costs torpedo 2023 outlookGM said the historic UAW strike action is costing it $200 million a week, forcing it to pull its 2023 profit forecasts despite better-than-expected third quarter earnings.
Source: startelegram - 🏆 248. / 63 Read more »

Novartis lifts 2023 earnings forecast for third timeSwitzerland's Novartis (NOVN.S) on Tuesday raised its full-year earnings forecast for the third time, citing cost cuts and higher-than-forecast prices for a multiple sclerosis (MS) drug.
Source: Reuters - 🏆 2. / 97 Read more »

Novartis lifts 2023 earnings forecast for third timeNovartis lifts 2023 earnings forecast for third time
Source: Investingcom - 🏆 450. / 53 Read more »

GM earnings: Automaker withdraws 2023 guidance as auto strikes take tollGeneral Motors CFO Paul Jacobson said the company was pulling its previously announced profit guidance of $12 billion to $14 billion.
Source: therealautoblog - 🏆 528. / 51 Read more »