Alphabet misses on earnings and revenue as YouTube falls short
Publishing timestamp: 2023-02-02 18:04:46
Summary
Alphabet reported fourth quarter earnings that missed expectations, causing their stock to drop 4%. YouTube advertising revenue fell short of analyst expectations, Google Cloud revenue was lower than expected, and operating expenses increased 10%. DeepMind will no longer be reported in Other Bets, and Google is experimenting with potential products that could influence its search business.
Sentiment: NEGATIVE
Tickers: SNAP, GOOG, META, MSFT, GOOGL,
Keywords: alphabet class a, breaking news: earnings, technology, google, meta platforms inc, alphabet class c, microsoft corp, internet, business news, snap inc, breaking news: technology,
Source: https://www.cnbc.com/2023/02/02/alphabet-googl-earnings-q4-2022.html