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Alphabet posts lower Q4 profit amid ad squeeze, competition

Por: WPLG Local 10 Tech February 02, 2023

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Google's parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant. While overall revenue grew, advertising revenue fell by nearly 4% and revenue at YouTube declined 8% year-over-year. That appeared to spook investors, who sent the company's stock lower in after-hours trading.The... + full article



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