First Netflix, the Twitter Now Alphabet(Google) Missed Earnings, Is Big Tech Being Slowly Dismantled?

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Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday.
The stock slid about 5% in extended trading.

Here are the results:

Earnings per share (EPS): $24.62 per share, vs. $25.91 expected, according to Refinitiv

Revenue: $68.01 billion, vs. $68.11 billion expected, according to Refinitiv

YouTube advertising revenue: $6.87 billion vs. $7.51 billion expected, according to StreetAccount

Google Cloud revenue: $5.82 billion vs. $5.76 billion expected, according to StreetAccount

Traffic acquisition costs (TAC): $11.99 billion vs. $11.69 billion expected, according to StreetAccount

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www.cnbc.com/2022/04/26/alphabet-to-report-q1-earnings-after-the-bell-tuesday.html

 

AC

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