Google’s parent company Alphabet posted disappointing ad sales numbers in its third-quarter results, leading to a fall in the company’s share price, while indicating a dismal outlook for overall business confidence and the economy. Total operating income for the quarter ended Sept. 20 was $17.1 billion, a decline of more than 18 percent from 2021’s…
Google’s Ad Sales Slow Sharply, an Ominous Sign for US Economy
October 26, 2022
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Google Search Ads Exceed Revenue Expectations Despite ‘Low Expectations’
Google’s second-quarter revenue from its search advertisements beat expectations, enabling parent company Alphabet to report revenues in line with market forecasts. Alphabet’s second-quarter 2022 revenue from “Google Search & Other” came in at $40.69 billion, up 13.53 percent from second-quarter 2021 revenue of $35.84 billion. It also beat financial data firm FactSet’s estimates of $40.15…
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