Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,182.00-4.22%
  • ethereumEthereum$1,037.64-6.08%
  • xrpXRP$0.315602-3.00%
  • bitcoin cashBitcoin Cash$100.19-4.84%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Alphabet Missed Revenue Estimate As YouTube Ad Business Impacted By Ukraine War

John Wanguba by John Wanguba
May 6, 2022
in FX Industry
Reading Time: 6min read
Alphabet Missed Revenue Estimate As YouTube Ad Business Impacted By Ukraine War

After the war in Ukraine hurt YouTube ad sales, Google parent company Alphabet Inc (GOOGL.O) on April 26 reported its first quarterly revenue miss of the pandemic, leaving investors rattled as the global economy sputters.

As the pandemic forced more shops and people to shift online over the last two years, the world’s largest provider of search and video content made a fortune. The war, product shortages, and rising inflation caused advertisers to dump marketing campaigns. Outdoing those sales is, however, proving difficult so far this year, according to analysts.

Warning that the strengthening U.S. dollar would hurt sales even more in the current quarter, Ruth Porat, Alphabet’s Chief Financial Officer said it was too early to predict when sales slowed by the war may pick up.

Shares of Alphabet, which were up nearly 90% over the past two years, plunged about 2.5% after the results on Tuesday. During the regular session, they had dropped 3.6%.

The logo for Google LLC

The Portfolio manager at Aptus Capital Advisors, David Wagner raised growing concerns about the macro environment. He stated:

“Alphabet has been seen as one of the most insulated companies in the advertising space relative to peers, but sometimes you can still own the best house in the worst neighborhood.”

Alphabet said although first-quarter sales jumped by 23% from last year to $68.01 billion, they were below the average estimate of $68.1 billion among financial analysts tracked by Refinitiv, its first miss since the fourth quarter of 2019.

According to FactSet, YouTube advertising sales of $6.9 billion particularly missed analysts’ target of $7.5 billion.

Since the company halted ad sales in Russia and brand advertisers, especially in Europe, retracted on spending after fighting broke out, the war in Ukraine that started during the quarter had an “outsized impact” on YouTube revenue, Porat said.

Overall, 1% of Google’s sales in 2021 were obtained from Russia, Porat said.

She added that cuts to app store fees to tackle antitrust concerns had wiped out gains in subscription revenue and also reported moderating growth in sales to direct-response advertisers on YouTube.

Google’s “other” revenue, which includes hardware, app, and subscription sales, were below estimates of $7.3 billion at $6.8 billion. Missing expectations of $25.76 per share, quarterly profit was $16.44 billion, or $24.62 per share.

Alphabet also said an additional $70 billion in stock repurchases had been authorized by its board. Over the last two years, it had bought over $81 billion in shares. Looking at the $602 billion global online ad market in 2022, according to Insider Intelligence, Google is expected to grab 29%, or the leading share, at least the 12th straight year it has been on top.

In a note, Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said that although the company remained indispensable to consumers and advertisers, the macro environment could bring some ups and downs for Alphabet.

Snap Inc (SNAP.N) warned last week that ad revenue could be pressured by labor shortages, inflation, and other economic challenges. Earnings of Facebook parent Meta Platforms Inc (FB.O), the second-largest online advertising platform with an expected 21.4% share of the global market in 2022, reported on Wednesday. After Alphabet’s results, its shares fell 2.5% on the day.

Alphabet earnings

Growing competition from companies such as ByteDance’s TikTok and Amazon.com Inc (AMZN.O) is chipping away at Google ad sales, too. Still, travel and entertainment advertisers are running up again and retailers continue to pour money into ads.

Also, since its advertising tools tend to be among the last abandoned by advertisers as they are easy to use, reach more users, and are well known than alternatives, Google is better positioned than rivals to withstand economic shocks.

Numerous lawsuits and investigations into whether Google has taken part in anticompetitive conduct through its advertising and other businesses are high on the company’s list of risks faced.

The most recent scrutiny has been on its unsettled $5.4 billion acquisition of cybersecurity services provider Mandiant, which the U.S. Department of Justice is assessing closely. Google still expects to finalize the deal this year, it said.

Compared with a year ago, Google Cloud, the unit that would contain Mandiant, increased revenue in the first quarter by 44% to $5.82 billion.

Like what you're reading? Subscribe to our top stories
Tags: AdvertisingAlphabetbusinesGoogleInvestmentRussiaUkrainewarYoutube

Related Posts

U.S. Power Companies Compromised By Supply-Chain Crisis This Summer
Analysis

U.S. Power Companies Compromised By Supply-Chain Crisis This Summer

June 29, 2022
NYDIG Study Analyzes Global Regulation Value In BTC Price Gains
Analysis

NYDIG Study Analyzes Global Regulation Value In BTC Price Gains

June 29, 2022
Crypto Is Popular Among Millennials Than Mutual Funds
Crypto news

Crypto Is Popular Among Millennials Than Mutual Funds

June 28, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.