YouTube Ad Revenue Rises 9% But Parent Alphabet Misses Wall Street’s Q3 Targets; Stock Drops
YouTube ad revenue grew 9% in the third quarter to hit $11.2 billion, but parent Alphabet’s stock dropped after overall financials undershot Wall Street expectations. Shares in Alphabet fell 8% in after-hours trading on the earnings news. Total revenue of $127.
Reports & sources
Variety
YouTube Q3 Ad Revenue Rises 9% to $11.2 Billion as Alphabet Misses Earnings Estimates (opens Variety)Variety's feed description
The Hollywood Reporter
YouTube Premium and Music Subscribers Pass 150 Million as Ad Revenue Tops $11 Billion in Q3 (opens The Hollywood Reporter)The Hollywood Reporter's feed description
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