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 $127.6 billion increased 25% over the year-earlier quarter, marking a 13th consecutive quarter of double-digit […].
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