Google’s owner missed expectations as it delivered its third-quarter results.

Alphabet, which also owns You Tube, pulled in revenues of £60billion in the three months to September – falling short of the £62billion analysts had predicted. 

The revenue from adverts on You Tube underwhelmed, pulling in at £6.16billion compared to the £6.47billion pencilled in, as companies around the world cut back on their spending in the face of economic turmoil.

Google-owner Alphabet, which also owns You Tube, pulled in revenues of £60bn in the three months to September – falling short of the £62bn analysts had predicted

Google-owner Alphabet, which also owns You Tube, pulled in revenues of £60bn in the three months to September – falling short of the £62bn analysts had predicted

Google-owner Alphabet, which also owns You Tube, pulled in revenues of £60bn in the three months to September – falling short of the £62bn analysts had predicted

Shares in the company – which released its results after the US stock market closed – slid more than 5 per cent in so-called after-hours trading. 

Chief executive Sundar Pichai said: ‘We’re sharpening our focus on a clear set of product and business priorities.’

But the revenue growth of 6 per cent on a year earlier, compared to 41 per cent over the same time in 2021, was the weakest since 2013 bar one period early in the pandemic.

Microsoft, however, just beat expectations for its first-quarter results. Revenue hit £43.7billion, nudging past forecasts of £43.2billion.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .dealFooter {display:block; float:left; width:100%; margin-top:5px; background-color:#e3e3e3 } #fiveDealsWidget .footerText {font-size:10px; margin:10px 10px 10px 10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Running out of power: Value of used electric cars drops by a fifth, plummeting in price by a quarter in a year

Prices of second-hand electric cars have plummeted by almost a quarter in…

Nationwide has best year ever thanks to surging mortgage demand

Britain’s largest building society has posted its best annual results ever, with…

Britain’s five greenest electric car charging stations

Electric vehicles are a focal point of the UK’s move to Net…

‘Can’t wait’ scream shoppers as M&S reveals the exact date it’s set to open brand new store in weeks

MARKS and Spencer has confirmed the exact date it plans to open…