This article is more than
2 year oldAlphabet revenue falls short as YouTube and TikTok battle for users
Alphabet’s first quarter revenue fell below analysts’ expectations on Tuesday, as the company confronts supply chain problems, inflation concerns, and fallout from the war in Ukraine.
In its quarterly earnings report, Google’s parent company said it had made a quarterly profit of $16.436bn, or $24.62 per share, missing expectations of $25.76 per share.
Alphabet reported a substantial miss in its YouTube segment, fueled in part by rising competition with the short form video platform TikTok and advertisers responding to high inflation rates.
“Google’s underwhelming results underline the view that the search giant is struggling with slowing revenue growth as advertisers cut back on spending due to a slowdown in consumer demand amid the current inflationary environment,” said Jesse Cohen, a senior analyst at Investing.com.
Read More (...)Keywords
<p>Diddy's homes were recently raided in Los Angeles and Miami by Homeland Security.</p>
India calls for ‘immediate de-escalation’ amid Israel-Iran tensions
Why Israel is risking a dramatic escalation with Iran
Iron Dome, David’s Sling, Arrow: Israel’s air defense against Iran, explained
Israel’s War Leaders Don’t Trust One Another
OJ Simpson to be cremated and no plans to donate brain to science, lawyer says
Bianca Censori stuns in extreme v-neck dress
US helped Israel take down ‘nearly all’ Iranian drones and missiles – Biden
‘Their tactics have changed’: Russia’s bid to blow apart Ukraine’s power grid
Russia's meat grinder soldiers - 50,000 confirmed dead