Google parent Alphabet’s revenue misses estimates as ad business takes a hit

France Nouvelles Nouvelles

Google parent Alphabet’s revenue misses estimates as ad business takes a hit
France Dernières Nouvelles,France Actualités

Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent’s digital ad business struggled under an economic slowdown

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

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.

Rival Meta Platforms Inc on Wednesday had impressed investors with its quarterly results, promising to further slash costs and boost offerings to better capitalize on ad dollars. Advertisers, which contribute the bulk of Alphabet’s sales, pulled back on spending as rising inflation and interest rates fuelled concern over consumer spending. Consumers had flocked to the internet for everyday purchases during the height of the pandemic but have returned to in-person shopping as restrictions have eased.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

globeandmail /  🏆 5. in FR
 

France Dernières Nouvelles, France Actualités



Render Time: 2025-01-16 21:28:31