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in Tech

Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4

by Editor October 26, 2022, 7:14 am 1.8k Views

Sand Hill's Brenda Vingiello on Alphabet's miss: no company immune to slowdown in digital ad spend

Alphabet shares dropped about 7% in extended trading on Tuesday after the company

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weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth.

Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates.
Revenue: $69.09 billion vs. $70.58 billion expected, according to Refinitiv estimates.
YouTube advertising revenue: $7.07 billion vs $7.42 billion…

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