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
Information Minister in Pakistani-administered Kashmir: Five civilians killed and at least 29 others injured in shelling across the border with India
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: So he [Trump] decided to cut off contact. That might still change, but that’s the situation right now
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: Trump’s circle told him [Dermer] that Netanyahu was manipulating him, and there’s nothing Trump hates more than being portrayed as someone being played
Senior Palestinian official to Al Mayadeen: Meetings between the Israelis, Egyptians, and Qataris are all centered around the Israeli proposal, which does not guarantee an end to the war [on Gaza]
Senior Palestinian official to Al Mayadeen: “Israel” is threatening to expand the ground offensive if Hamas rejects the proposal
Senior Palestinian official to Al Mayadeen: Hamas rejects the Israeli proposal, viewing it as failing to guarantee an end to the war
Senior Palestinian official to Al Mayadeen: “Israel” is sticking to its proposal, and insists there is no alternative offer on the table for negotiation
Senior Palestinian official to Al Mayadeen: The meetings between the Israelis and the Egyptians and Qataris all revolve around the Israeli proposal
The administration was clearly looking for an off-ramp for this campaign against Ansar Allah, NBC News reports, citing US official
Trump's operation against Ansar Allah cost more than $1 billion, NBC News reports, citing US official

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

China enhances Intellectual Property protection to boost AI innovation

China stages first half-marathon featuring humanoid robots vs humans

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

Pro-Palestinian protesters march toward the US Immigration and Customs Enforcement (ICE) headquarters, Saturday, April 5, 2025, in Washington (AP)

US House to vote on bill criminalizing boycott of 'Israel'

  • Politics
  • 3 May 2025
Throughout Operation Prosperity Guardian, current and former US military and intelligence officials expressed disquiet at the enormous “cost offset” involved in battling Ansar Allah. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

Ansar Allah triumphant: US facing Red Sea defeat again

  • Opinion
  • 3 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • Today

Coverage

All
Gaza prevails against genocide

Read Next

All
UN experts warn: Stop the genocide or witness Gaza's end
Politics

Stop the genocide or witness end of life in Gaza: UN experts warn

Israeli police attack mourners as they carry the casket of killed Al Jazeera veteran journalist Shireen Abu Akleh during her funeral in occupied al-Quds, Friday, May 13, 2022. (AP)
Politics

Israeli sniper who killed journalist Shireen Abu Akleh identified

The Department of Defense logo is seen on the wall in the Press Briefing room at the Pentagon, Oct. 29, 2024, in Washington. (AP)
Politics

Pentagon’s unused properties drain billions in taxpayer funds

Haaretz
Palestine

Israeli military avoids calling up unwilling reservists: Haaretz

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