News Formal

Google set to lose more than $70 billion off its market cap after 'nasty combination' of slowing ad traffic and drop in sales per click

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Google set to lose more than $70 billion off its value after 'nasty combination' of slowing ad traffic and drop in sales per click

Alphabet's stock slid by almost 8% in pre-market trading, slashing the market cap of Google's parent company by about $70 billion to $831 billion.Earnings per share of $11.90 bested consensus forecasts, excluding a €1.5 billion fine by European competition regulators.George Salmon, an equity analyst at Hargreaves Lansdown, said it's"a nasty combination of growth in traffic to Google ads slowing and lower revenue per click from those ads that's upset the market.

Google's advertising revenue rose by 15% to $30.72 billion, a sharp slowdown from 24% growth a year ago,. Paid clicks rose 39%, a significant decrease from 59% year-on-year growth in the first quarter of 2018. Cost-per-click also fell 19%, after sliding 19% in the same period of 2018.

 

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

This curve can't go on forever.

BFD. was trading at that level 10 days ago.

AdWords is the new TV

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:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Cramer: Be wary of stocks that rally into earnings reports, like Google-parent Alphabet did'A gentle dip ahead of earnings can be the best vaccination against a sell-off,' Jim Cramer says. This is not a true statement. alphabet had a lousy earning.
Source: CNBC - 🏆 12. / 72 Read more »

Alphabet earnings: Google juggles good investments with being a target for EU finesAlphabet Inc. absolutely destroyed earnings expectations in every quarter in 2018 — but there are two big reasons for that. Google prices$1500 Soon. My thought $GOOGL $1500 after ER.
Source: MarketWatch - 🏆 3. / 97 Read more »

Alphabet stock drops after earnings show disappointing Google sales growthAlphabet Inc. revenue came up short of expectations as all of its major sales categories performed slightly worse than projected in the first quarter, and...
Source: MarketWatch - 🏆 3. / 97 Read more »