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Alphabet Misses Q4 Earnings Estimates, YouTube Ad Revenue Drops by Nearly 8%

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Alphabet, parent company of Google and YouTube, turned in fourth-quarter 2022 earnings that missed analyst estimates. YouTube's ad revenue has again notched a year-over-year decline.

, turned in fourth-quarter 2022 earnings that missed analyst estimates, as YouTube’s ad revenue again notched a year-over-year decline.

Overall, Alphabet posted revenue of $76.05 billion, up just 1%, and net income of $13.62 billion , or earnings of $1.05 per share. YouTube ad revenue was $7.96 billion in Q4, down 7.8% from $8.63 billion a year earlier. Analysts expected YouTube advertising revenue to come in at $8.2 billion for the most recent quarter, per FactSet. Total revenue was pegged at $76.58 billion, with earnings per share of $1.19, according to Refinitiv.

 

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I had to use the Adblock so that no ads appear since I don't like the price of YouTube Premium and the ads on YT are unbearable and loud to listen to. It is recommended to use the Adblock.

I've all but stopped watching YouTube because the amount of advertising has become excessive. Plus most ads are so loud and obnoxious it's no longer enjoyable to watch the videos. I listen to podcasts instead now.

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