Youtube also takes Alphabet / Google to the bottom

27 April 20222 years ago babelfish

Google / Alphabet had a sharp halt today, due to its failure to meet its earnings per share targets.

It was not all the giant's business that lost, so much so that some sectors, such as cloud services, exceeded expectations with an increase in profits of 43%. The problem is related to a sector that, until yesterday, was considered to be ported: video streaming.

That was the good news: The bad news is that YouTube's ad revenue was $ 6.9 billion, up 14% from last year, but it missed the $ 7.4 billion Wall Street expected . According to Bloomberg, YouTube's big drop from expectations could be due to iPhone ad targeting limitations and new competition from TikTok, as well as increasingly oppressive video censorship. essiva.

Commenting on the quarter, CEO Sundar Pichai said, “Q1 has seen strong growth in Research and the Cloud, in particular, which are both helping people and businesses as digital transformation continues. We will continue to invest in excellent products and services and create opportunities for partners and local communities around the world. "

Google CFO Ruth Porat said, “We are pleased with first quarter revenue growth of 23% year over year. We continue to make thoughtful investments in Capex, R&D and talent to support long-term value creation for all stakeholders. " But in the meantime Youtube is not good, a sign that certain types of social "Control" of the masses have had their day.

According to Bloomberg, if the drop in the stock price holds through Wednesday's close – and it will unless Powell reveals a rate cut tomorrow – it would be the first time Alphabet has slumped in the session after earnings since the company reported. the results for the second quarter of 2020. There are no more untouchable stocks on the market now.

Thanks to our Telegram channel you can stay updated on the publication of new articles of Economic Scenarios.

⇒ Register now ⇐

The Youtube article also brings to the bottom Alphabet / Google comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/youtube-porta-a-fondo-anche-alphabet-google/ on Wed, 27 Apr 2022 06:00:59 +0000.