Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls

Internet giant Alphabet, owner of Google reported worse than expected third quarter earnings after the close Tuesday. $GOOG total growth of 6% was the weakest period of expansion since 2013, other than one period during the pandemic. Google advertising, which includes search and YouTube ads again continued to lose momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Revenue at YouTube actually declined when analysts were expecting growth of about 3%. Alphabet Reported ThirdQuarter Earnings After the Close … Continue reading “Alphabet Earnings Growth Continues to Slow as YouTube Revenue Falls”

Alphabet Earnings Growth Slows as Advertising Loses Momentum

Internet giant Alphabet, owner of Google reported worse than expected second quarter earnings after the close Tuesday. $GOOG reported the slowest quarterly sales growth in two years. Google advertising, which includes search and YouTube ads lost momentum with the economy receding and uncertainty denting cloud and YouTube revenues. Alphabet Reported ThirdQuarter Earnings After the Close Tuesday $1.21 Missed $1.32 EPS Forecast and $69.69B Missed$70 billion Forecast Conference call: 4:30 p.m. Earnings Alphabet second-quarter revenue was $69.69 billion, up 13% from … Continue reading “Alphabet Earnings Growth Slows as Advertising Loses Momentum”

The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space

Digital advertising placement firm Trade Desk shares soared 21.5% after better than expected third quarter earnings. Relief came as $TTD avoided headwinds that plagued the social media industry in Q3, hitting Snap, Facebook (FB), Twitter (TWTR) and Roku with underwhelming reports Earnings The Trade Desk Net income totaled $59.4 million, or 12 cents a share, up from $41.2 million, or 8 cents a share, a year ago. Adjusted earnings hit 18 cents a share, up from 13 cents a year earlier … Continue reading “The Trade Desk Soars After Earnings Avoid Headwinds That Hit Social Media Digital Advertising Space”

Alphabet Earnings Deliver as Google Search Advertising Picks Up With Travel Activity

Internet giant Alphabet, owner of Google reported better than expected in third quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum with the the economy and travel returning as did cloud and YouTube revenues.

Google Strength in Advertising Helps Alphabet Smash Earnings Targets

Internet giant Alphabet, owner of Google reported huge beats in second quarter earnings after the close Tuesday. Google advertising, which includes search and YouTube ads, exhibited accelerating momentum again as did cloud and YouTube revenues sending $GOOGL higher.

Trade Desk Boosted by Google Delaying Phasing Out Third Party Cookies Until 2023

Digital advertising placement firm Trade Desk shares soared 16% after Google said will delay phasing out third-party cookies.  $TTD has not been reliant on third-party cookies for years. Faster-growing segments such as connected TV (CTV) and mobile apps, use newer identity solutions such as TTD’s United ID 2.0.

Sonos Earnings Beam Higher as Roam Orders Smash Forecasts

Sound system technology company Sonos released better than expected second quarter earnings after the close Wednesday with the momentum of Home Theater smarter speaker Beam leading. After two large EPS misses, $SONOS has now reported three massive EPS beats in a row.

Tech Giants Face Risk of Breakup and Fines with EU Digital Services and Digital Markets Acts

The European Commission announced the Digital Services and Digital Markets Acts in their battle to reign in the control and influence of tech giants who could face hefty fines up to 10% of annual global revenue for non-compliance and breakups. In the sights are social media platforms and online market places.