Published 1 year ago

Google Posts Drop in Ad Revenue

Summary by Ground News

Google's ad business is the backbone of the company, and revenue slipped there by about 3.5 percent compared to a year ago. Overall profits, meanwhile, dropped significantly: Quarterly net income of $13.6 billion is down 34 percent year-over-year. Google announced a few weeks ago that it is laying off about 12,000 employees.

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The Guardian

Apple posts first revenue drop in four years

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

1 year ago·London, United Kingdom

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Reuters

Alphabet disappoints on sales as ad business slips after pandemic run-up

Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google's advertising clients pulled back spending from a period of pandemic-led excess.

1 year ago·United Kingdom

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Channel News Asia

Alphabet revenue misses estimates as ad business takes a hit

:Alphabet Inc 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. Shares of Alphabet, which lost roughly 40 per cent of their value in 2022, were down about 4 p

1 year ago·Singapore

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IBTimes

Alphabet Misses Street Estimates As Ad Business Slips After Pandemic Run-up

Alphabet Inc on Thursday fell short of Wall Street's expectations for quarterly profit and revenue as the Google parent's digital ad business struggled with an economic slowdown that has choked

1 year ago·United States

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Variety

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

Alphabet turned in Q4 2022 earnings that missed analyst estimates, as YouTube's ad revenue again notched a year-over-year decline.

1 year ago·Los Angeles, United States

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Bloomberg

Google Shares Slip after Sales Miss as Advertising Demand Slows

Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts’ expectations, signaling lower demand for its search advertising during an economic slowdown.

1 year ago·United States

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