Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

Shares of Google, parent company Alphabet Inc. plummet in Q3

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Oct 2022 17:54
3 Min Read

YouTube and search ads, which figure among one of Google's core properties, have also indicated sharp drops in advertising revenues this third quarter.

  • x
  • Google shares plummet as YouTube and Search Ads Take Hit
    Google shares plummet as YouTube and Search Ads Take Hit

The digital-advertising industry is beginning to show signs of fragility as search company Google reported its fifth consecutive quarter of slow sales growth.

Youtube, which figures among one of Google's core properties, has also indicated a drop in advertising revenues this quarter.

Other companies in the industry include Microsoft  Corp. (-7.63%), which likewise reported on Tuesday its worst quarterly earnings in more than two years, and tech company Texas Instruments (TXN -3.80%) said it was seeing a slower demand from industrial and individual buyers. 

Google's parent company, Alphabet Inc., racked up $69.1 billion in the third quarter, which highlights a meager increase of 6.1% in the same period last year. 

Analysts blame that an increase in the number of employees by almost 12,800 workers in the quartet caused Alphabet's shares to drop more than 6% in after-hours trading. 

In a call with analysts after earnings were announced, CEO Sundar Pichai said, "Times like this are clarifying."

Google is beginning to incentivize itself through programs of "realigning resources to invest in our biggest growth opportunities," Pichai said, adding that employment growth will be "significantly lower" in the fourth quarter.

This marks Alphabet's lowest revenue growth since the second quarter of 2020 when the effects of the pandemic had a heavy toll on global markets and sparked fears among advertisers, from which Google gets its main supply of revenues. 

Related News

Inside the AI world: Profiling, weapons, 'Israel' & people pleasing

Nvidia flooded with site bids for 'Israel' project

In comparison to last year, the sales rose to 41% in the third quarter. 

Despite that the tech giant tries to encourage big brands toward a suite of automated tools for purchasing advertising across the company’s own properties, Google reported revenue of $39.5 billion in the third quarter, which highlights a meager increase of 4.3%.

"This is a weak result," according to Mark Mahaney, an analyst at Evercore ISI, who added that it is "probably a very good indicator of expanding caution and weakness among small-business marketers."

As for ad revenues from Google’s YouTube video platform, they fell 1.9% to $7.1 billion.

As YouTube relies more on big brand advertising than other features of Google’s business, it makes it more susceptible to spending drawbacks.

Although Google remained relatively shielded from the privacy changes that Apple Inc. introduced last year, the wider economic cutback prompted Pichai to look for alternative ways to better the company’s bottom line after a sudden increase in revenues during the pandemic triggered a period of headlong expansion.

The CEO said in July that Google would slow hiring until the end of this year, and in September he said the company should become 20% more productive without adding further details. 

In September, Google cut back on investment at an internal startup incubator and shut down its streaming videogame service, Stadia. 

As for revenues from Google’s cloud-computing division, they increased by 37.6% to $6.9 billion, growing slightly faster than in the second quarter of this year.

See this: Google just set up a tech school in an Israeli university

  • technology
  • Google
  • Stocks

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS