Alphabet misses on revenue as YouTube falls short, inflation pressures ad sales
The Hindu
YouTube advertising sales of $6.9 billion missed Wall Street's target of $7.5 billion.
Google parent Alphabet Inc on Tuesday reported first-quarter revenue below expectations as YouTube sharply missed Wall Street targets and ad sales were pressured by supply-chain and inflation concerns and the war in Ukraine.
(Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)
The world's largest provider of search and video ads has been a big winner of the shift to online commerce over the past two years, but the results suggest it is struggling in the latest economic phase of the pandemic, which is bringing elevated interest rates, higher transport costs and shortages of products from couches to cars to infant formula.
Alphabet shares were down 6.5% in after-hours trading.
"Alphabet has been seen as one of the most insulated companies in the advertising space relative to peers, but sometimes you can still own the best house in the worst neighborhood," said David Wagner, portfolio manager at Aptus Capital Advisors.
YouTube advertising sales of $6.9 billion missed Wall Street's target of $7.5 billion, according to Factset.
Google’s chief business officer, Philipp Schindler, said YouTube direct response ads grew more moderately during the quarter.
Tea Board pledges 100% testing of imported tea to combat cheap, inferior quality imports harming the industry, assures Deputy Chairman.
Central Silk Board has an ambitious target of doubling the country’s silk value chain, currently pegged at ₹55,000 crore, by 2030, said P. Sivakumar, Member Secretary, Central Silk Board, a body that works under the Ministry of Textiles and is responsible for the overall development of the country’s sericulture.
The I&B Ministry's Live Events Development Cell aims to boost India's concert economy, enhancing employment and tourism growth.
Tesla's sales fell in 2025, the company reported Friday, ceding its position as the world's biggest electric vehicle maker for the year to Chinese auto giant BYD.
Coal buyers from Bangladesh, Bhutan, and Nepal can now directly participate in CIL's online auctions, enhancing transparency and efficiency.
Tesla's 2025 sales decline as BYD overtakes it as the world's largest electric vehicle manufacturer.
India's forex reserves rise by $3.293 billion to $696.61 billion, driven by gains in foreign currency assets and gold.
Government launches two credit-linked schemes under Export Promotion Mission, with ₹5,181 crore outlay to support exporters until 2030-31.
Adani Total Gas reduces CNG and domestic gas prices following PNGRB tariff reforms, benefiting consumers and promoting cleaner energy.
Nifty reaches record high as Sensex surges 573 points, driven by gains in power and banking sectors.
Indian rupee breaches 90 against the U.S. dollar, settling at 90.20 amid foreign outflows and macroeconomic concerns.
Maruti Suzuki achieves record production of over 22.55 lakh vehicles in 2025, spanning domestic sales, exports, and OEM supplies.
London's FTSE 100 index surpasses 10,000 points for the first time, marking a historic milestone in stock market performance.