Google parent Alphabet's revenue misses estimates, rises at slowest pace in three years
- Alphabet Inc’s Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter as the leading internet ad company faced increased competition in its search and hardware businesses and suffered from disruptive changes at YouTube.
Alphabet Chief Financial Officer Ruth Porat told analysts the company was experimenting with its ad products as users grow reliant on mobile devices and that it was seeing revenue volatility as a result. Sales of Google’s Pixel phones also struggled amid intense competition in the premium smartphone market, she said.
The 17 percent rise was the slowest in three years and compared with 26 percent for the same quarter a year earlier. About 84.5 percent of revenue, compared with 85.5 percent a year ago, came from Google’s ad business, which sells links, banners and commercials across its own websites and apps and those of partners.
Alphabet has said its spending increases are justified, with huge outlays going to offices, data centers and artificial intelligence capabilities in line with the expected demand for its services. And Google’s costs could jump further if governments globally follow through on growing threats to rein in the ability of apps to track users for advertising purposes. Other regulators have discussed forcing companies to step up monitoring of user content.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Alphabet earnings: Google juggles good investments with being a target for EU finesAlphabet Inc. absolutely destroyed earnings expectations in every quarter in 2018 — but there are two big reasons for that.
और पढो »
GOOGL Stock | ALPHABET A (EX GOOGLE) Stock Price Today | Markets Insider
और पढो »
Alphabet stock drops after earnings show disappointing Google sales growthAlphabet Inc. revenue came up short of expectations as all of its major sales categories performed slightly worse than projected in the first quarter, and...
और पढो »
Google parent Alphabet's revenue misses estimates, rises at slowest pace in three years- Alphabet missed revenue estimates while competitors like $FB and $AMZN beat targets in Q1 - Costs have surged faster than revenue for much of the past two years, concerning investors - $GOOG also faces increased scrutiny over privacy practices
और पढो »
Google completes subsea cable to Chile in global cloud pushAlphabet Inc's Google has completed a 10,000-kilometer (6,214-mile) subsea ...
और पढो »
You Need To Google ‘Thanos’ And See What HappensGoogle Thanos, click the gauntlet, and see how Google is celebrating Avengers: Endgame.
और पढो »
You Need To Google ‘Thanos’ And See What HappensGoogle Thanos, click the gauntlet, and see how Google is celebrating Avengers: Endgame.
और पढो »
Google Cuts YouTube Access For Iran's Press TV And Hispan TV 'Without Any Warning'In the latest example of social media regulation against Iran, Google has blocked Iranian state TV outlets from accessing YouTube and Gmail accounts. Unconfirmed reports suggest this was a response to an article accusing Israel of conducting medical experiments on Palestinian prisoners.
और पढो »
Wing gets FAA approval in step toward drone deliveryWing, a part of Alphabet that began as a Google X project, has become the first drone-delivery company to receive a critical Federal Aviation Administration certification
और पढो »
Google Parent Posts Slowed Growth Across the BoardOne of Silicon Valley’s blue-chip names, Google, posted weaker earnings than expected as mounting competition to a once-untouchable online advertising operation finally landed a blow.
और पढो »