Big Tech earnings show digital ads market not out of the woods

on Thursday reported a slight fall in quarterly ad revenue, missing Wall Street expectations and surprising investors as the world’s largest digital ad platform has traditionally been resilient compared to smaller rivals. Shares of Alphabet were down 5 per cent in trading after the closing bell.

“ are managing their spend very cautiously so they can react quickly to any changes in the environment,” Snap Chief Executive Evan Spiegel said during an earnings call., the second-largest digital ad platform, lifted Wall Street on Wednesday with its cost cuts and big share buyback, though it posted its third consecutive quarter of year-over-year revenue decline.

Meta Chief Financial Officer Susan Li said the broader economy continues to be “pretty volatile” and it was too early to tell what the year would look like.

GlobeTechnology PP performance may not be related to ad market. People might be getting tired of the advocacy contained within the platform administration and algorithms. The product might be lacking.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Meta mojo is back: Earnings surprise sparks share surge, lifts Big TechFacebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan Check out verasitytech VRA just look at the technology backing it and the crazy staking rewards! How can you not love daily paid rewards of annually 15% The last few weeks it's had a great run!
Bron: globeandmail - 🏆 5. / 92 Lees verder »

CGI helps companies contain costs without cutting staffAs tech companies lay off staff, Canada’s CGI Inc is bucking the trend and is one of the few tech firms to retain its pandemic stock-market valuation
Bron: globeandmail - 🏆 5. / 92 Lees verder »