March 29, 2023
11 °C London, UK

Alphabet (GOOGL) Earnings Report Disappoints

Alphabet GOOGL Google

Alphabet reported fourth-quarter earnings that disappointed investors.

Earnings per share reported at $1.05 below the expectations of $1.18 per share

Revenue was at $76.05 billion, below the estimates of $76.53 billion

Total advertising sales dropped to $59 billion; the forecasts were at $60.44 billion

YouTube advertising revenue was at $7.96 billion below the expectations of $8.25 billion

Google Cloud revenue came at $7.32 billion below the expectations of $7.43 billion

Traffic acquisition costs (TAC) were at $12.93 billion below the expectations of $13.32 billion

Previous Article

Amazon (AMZN) Fourth Quarter Earnings

Next Article

Apple (AAPL) Miss Both on Earnings and Revenue

You might be interested in …

AAPL Apple earnings

Credit Suisse Cuts Apple (AAPL) Q1 Estimates

Credit Suisse cuts iPhone first quarter 2023 estimate by 7 million to 69 million pieces. Total revenue for the first quarter was estimated 2% lower than the same quarter last year at $121.66 billion