Alphabet disappoints investors with 17% revenue growth in Q1
Investors are reeling after Alphabet posted a 17% year-over-year gain in revenues, its slowest growth in 3 years. In its earnings report for the first quarter, the company underlined monetization challenges across Google and YouTube alongside the latest large fine it has had to deal with from the European Commission. In the end, the company achieved operating income of $6.6 billion, down 13%.
Chief financial officer Ruth Porat announced that the company has been pouring money into content acquisition for YouTube and YouTube Premium.
Read MoreAlphabet disappoints investors with 17% revenue growth in Q1 was written by the awesome team at Android Police.
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Jules Wang
Investors are reeling after Alphabet posted a 17% year-over-year gain in revenues, its slowest growth in 3 years. In its earnings report for the first quarter, the company underlined monetization challenges across Google and YouTube alongside the latest large fine it has had to deal with from the European Commission. In the end, the company achieved operating income of $6.6 billion, down 13%.
Chief financial officer Ruth Porat announced that the company has been pouring money into content acquisition for YouTube and YouTube Premium.
Read MoreAlphabet disappoints investors with 17% revenue growth in Q1 was written by the awesome team at Android Police.
http://bit.ly/2GnuTv7 April 30, 2019 at 01:06AM
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