News Formal

YouTube's huge miss shows digital media ad market is getting hit hard

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Google's YouTube was expected to show ad revenue growth of 25%. That number came in way short at 14%.

" for the YouTube competitor, and the company provided a weak sales forecast for the second quarter.

Nearly a year ago — in the second quarter of 2021 — YouTube revenue came in at over $7 billion, up 83% from the year prior, drawing it close toquarterly revenue. The disappointing results at YouTube in the latest period pulled down Alphabet's profitability, contributing to a drop in net income.

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:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Google Cloud’s Media CDN lets companies build on the network that keeps YouTube runningGoogle Cloud Media CDN lets companies build on the network that keeps YouTube running They need to work on making YouTube not suck. Thanks in advance.
Source: verge - 🏆 94. / 67 Read more »