Alphabet Earnings: Google Parent’s Profit Drops 8%

Alphabet Earnings: Google Parent’s Profit Drops 8%

Google’s pandemic boom may finally be slowing.

Google’s parent company, Alphabet, reported an 8 percent decline in quarterly profit on Tuesday, dragged down by slowing growth for advertising on YouTube and search as well as a decline in the value of its investments.

The company posted a net profit of $16.44 billion for the first quarter, compared with a profit of $17.93 billion in the same period a year earlier — the first time the company’s quarterly profit had fallen from the prior…


Source link

About search

Check Also

You can't escape it now — Gemini is officially part of Gmail, Google Drive, Docs, Sheets, and Slides – TechRadar

You can't escape it now — Gemini is officially part of Gmail, Google Drive, Docs, Sheets, and Slides – TechRadar

[unable to retrieve full-text content]You can’t escape it now — Gemini is officially part of …

Leave a Reply

Your email address will not be published.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