YouTube Q2 Ad Sales Rise 4.4%, Alphabet Handily Tops Earnings Estimates

📆 7/25/2023 5:06 PM
📰 Variety

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

YouTube’s second-quarter 2023 ad sales had a slight year-over-year uptick, rising 4.4% to $7.67 billion, a reversal after three consecutive quarters of declines at the video platform. Alphabe…

Alphabet reported $74.60 billion in revenue and net income of $18.37 billion, or $1.44 per share. For the company overall, Wall Street had pegged $72.82 billion in revenue and earnings per share of $1.34 on average, according to Refinitiv data.

Analysts had forecast YouTube ad sales coming in at $7.43 billion. YouTube and Google have faced tough year-over-year comparisons the last few quarters after notching high double-digit revenue jumps in 2021 driven by the pandemic: For the full-year 2021, YouTube ad revenue was up a whopping 46%. In its earnings reports, the internet giant breaks out YouTube ad sales; that does not include subscription revenue from YouTube TV (which

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:

Write Comment

United States United States Latest News, United States United States Headlines

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

Dow strives for 12th day of gains as Microsoft and Alphabet earnings loomU.S. stock futures rose early Tuesday as earnings season picked up pace and traders looked ahead to the Fed decision midweek.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: What to Watch Ahead of Alphabet, Microsoft EarningsStock futures were steady ahead of a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »