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| Economy |
| Google Stock: YouTube Expected To Be Drag On Earnings Amid Apple, TikTok Woes |
| 2023-01-31 |
| [Investors] YouTube will likely be a weak spot again when Google-parent Alphabet (GOOGL) reports fourth-quarter earnings on Thursday, analysts say. YouTube's slowing ad revenue growth is one issue for Google stock, while the subscription side of its business remains opaque to investors. When Alphabet reported Google earnings for the September quarter, YouTube ad revenues shrank for the first time. YouTube ad revenue slipped 2% to $7.07 billion, missing estimates of $7.5 billion. Google began reporting some YouTube financial metrics separately in the fourth quarter of 2019. For this December quarter, analysts estimate YouTube revenue of $8.2 billion, down nearly 5%. YouTube revenue boomed during the coronavirus emergency, so the company faces tough year-over-year comparisons, according to some Google stock analysts. But other factors also are at work. Read the rest at the link |
| Posted by:badanov |