The tech giant's ad revenue grew by only 15% year over year in the first three months of the year, compared to over 24% in the same period the year prior. Alphabet's overall net revenues were $29.48 billion, below the $30.04 billion that analysts expected.
Alphabet's notoriously barebones income statement — which doesn't break out any of its businesses beyond advertising — has left Wall Street analysts scratching their heads as they to figure out what's going on and grumbling about the company's tight-lipped attitude.
"The timing of product changes in ads at times can have an impact on year-on-year growth rates," Porat said on the call."We will continue to make changes with a focus on the long-term best interest of users and advertisers."
I think google needs strategic change in its management. Sunder pichai should be replaces with another talented & creative one.
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