Google Reports Disappointing Earnings Due to Headwinds and Competitors

 

Google Reports Disappointing Earnings Due to Headwinds and Competitors

Even tech behemoth Google is facing pressure from slowing advertiser spend ahead of tough economic conditions. Google parent Alphabet reported a net profit of $13.9 billion in the third quarter, down 27% from a year earlier, while revenue climbed 6% to $69.1 billion, lower than analysts’ estimates of $70.9 billion. “This disappointing quarter for Google…

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