Jump to content

Alphabet shares down 5% after earnings fall short


Recommended Posts

Google and YouTube owner, Alphabet reported both earnings and revenues that were lower than analysts had expected.

 Jeremy Naylor | Writer, London | Publication date: Wednesday 26 October 2022 

The $7 billion revenue from YouTube in the quarter was lower than the $7.4 billion expected, and highlighted the advertising pressure currently facing companies.


Alphabet shares drop

Alphabet, which owns the Google business, saw its shares fall 5.1% in extended trading after it missed analyst expectations on both the top and bottom lines, hit by a fall in income from advertisers who are cutting costs.

Total growth of 6% marked the weakest period of expansion since 2013, other than one period during the pandemic.

These are the numbers: earnings per share of six cents over the dollar level. We had been looking at $1.28. So that was a big negative for the company. Revenue also came in shy of the estimates of $71.3 billion. We got just over $69 billion for Alphabet.

And look what damage that did to shares yesterday, not too far away from the recent lows we saw back on the 13th of October - all the way down at $95.07, closing at 9794 on the trading day yesterday.

YouTube, Google Cloud

YouTube advertising revenue was $7 billion. We'd been looking for $7.4 billion expected. So that's short, and this just highlights the problems that consumers are having. And Youtube uses a lot of advertising now as we all know when using Youtube channels unless you pay for the service you do get a lot of adverts in your face.

Google Cloud revenue came in at $6.9 billion. We had been looking for $6.69 billion. That's a touch better than expected and acquisition costs were on the way down.

But the net effect of all this was a drop at the close of yesterday's session, all-sessions on the IG platform, down 5.1% as at the close last night.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As the cryptocurrency space evolves, Bitget keeps bringing up worthwhile initiatives to make crypto trading interesting and easy for its users as well as helping them maximise profit.  Gleaning from the likes of Candybomb to PoolX and the likes, the CEX has been seen to steadily provide these services. The PRE MARKET trade seems to be the newest product on the block right now. It is an over the counter trading platform that specialises in providing a pre-traded marketplace for new coins before official listing.  Simply put, it is a p2p framework of some sort that facilitates trading between buyers and sellers enabling them to acquire coins at optimal price thus enhancing advance liquidity and complete delivery at a mutually agreed upon time.  The interesting thing about the Pre Market is that; it allows the advocates or supporters of newly launched projects to trade through a contract before the token goes mainstream or before being airdropped.  This framework is very good for projects that have very high speculation, speculative traders should check out this product.  Good thing is the Pre trade is already live, you can leverage on it to purchase $MERL before its official listing, you could get to earn massive ROI. Here's the link; https://www.bitget.com/pre-market/MERLUSDT
    • Atomic Wallet is experiencing issues with their staking and rewards, so I would like to transfer my ATOMs to another crypto wallet. I contacted Atomic Wallet Support and they recommended Cosmostation Wallet and gave me instructions on how to do this. I followed the links they sent me, which required me to fill in my seed phrase. My ATOMs transferred to Cosmostation Wallet but were immediately transferred out. I never made that transaction. I contacted Cosmostation Wallet Support and asked them what happened. They informed me that I must have been talking to a scammer posing as support from Atomic Wallet. I contacted Atomic Wallet and they said I wasn't talking to a scammer and those links are legit. I lost my funds because my PC must be infected. Atomic Wallet wouldn't outright scam me would they?  
    • With the recent surge in "Cat Coins," a wave of playfulness and intrigue is sweeping the crypto community. KHAI, a meme token built on the Solana blockchain, is at the forefront of this movement. Fueled by a bullish community sentiment, KHAI has experienced a staggering 15.27% price increase in the past 24 hours, pushing its market cap to a noteworthy 24.4 million dollars. This impressive growth comes on top of a remarkable 94.3% price jump over the past week, significantly outperforming both the global market and other Solana-based cryptocurrencies. Could KHAI be the next big memecoin to reach unprecedented heights? Its recent listing on the Bitget exchange, accompanied by a giveaway event, certainly adds fuel to the fire. However, the question remains: will this newfound attention propel KHAI to even greater heights, or will it succumb to the volatility often associated with memecoins? Only time will tell.
  • Create New...