Wednesday, August 17, 2022
HomeBusinessAlphabet misses on earnings and revenue for second quarter

Alphabet misses on earnings and revenue for second quarter


Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.

Josh Edelson | AFP | Getty Images

Alphabet reported weaker-than-expected earnings and revenue for the second quarter.

Here’s how the company did:

  • Earnings per share (EPS): $1.21 vs $1.28 expected, according to Refinitiv
  • Revenue: $69.69 billion vs $69.9 billion expected, according to Refinitiv
  • YouTube advertising revenue: $7.34 billion vs. $7.52 billion expected, according to StreetAccount
  • Google Cloud revenue:  $6.28 billion vs. $6.41 billion expected, according to StreetAccount.
  • Traffic acquisition costs (TAC): $12.21 billion vs $12.41 billion expected, according to StreetAccount

This is breaking news. Please check back for updates.

WATCH: With the recession looming, ad spending is going to come down

Etiknews Staff
Etiknews Staffhttp://etiknews.com
Etiknews is dedicated to Ethical and sustainable business news.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments