Google parent company Alphabet reports slow growth at $16 billion, a 14 percent decrease from last year, despite growing revenue
Alphabte's reported 14% fall of net income was fueled by inflation, conflict and adverstisers pullbacks.
"Google's earnings miss this quarter proves it's not immune to the challenges facing the digital advertising industry at large," said analyst Evelyn Mitchell. That would be impressive growth for most companies outside of tech. But it marked Alphabet’s lowest growth rate since the April-June quarter of 2020, when the company suffered the first, and so far only, year-over-year revenue decline in its history.
“Personally, I find moments like this clarifying," Pichai explained during the call. “It gives us a chance to look at everything we do through a critical lens."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google Quietly Introduces Powerful New Google Photos Feature — Rolling Out NowGoogle has quietly introduced some convenient new Google Photos features.
Read more »
Elon Musk Reportedly Had an Affair with Google Co-Founder's WifeThe Tesla founder allegedly had a fling with Brin's wife Nicole Shanahan, allegedly leading to their divorce.
Read more »
Elon Musk denies report of an affair with Google co-founder Sergey Brin’s wifeThe WSJ reports the affair prompted Brin to file for divorce
Read more »
Musk denies 'romantic' affair with Google co-founder Brin's wifeTesla Inc boss Elon Musk said late on Sunday on Twitter that he and Google co-founder Sergey Brin remain friends and denied a report that he had been involved in an affair with Brin's wife Nicole Shanahan.
Read more »
Elon Musk denies alleged affair with wife of Google co-founder Sergey BrinElon musk denied a report by the Wall Street Journal that he had an affair with friend and Google co-founder Sergey Brin's wife, Nicole Shanahan, during the Art Basel event in Miami.
Read more »
Elon Musk Denies Having Sex With Wife of Google Co-Founder Sergey BrinMusk tweeted late Sunday he hasn't had sex 'in ages (sigh).'
Read more »