Despite the pullback, Alphabet’s stock has gained 15.72% in the last three months and is up 43.64% over the past year, reflecting broader confidence in the company’s long-term growth potential. Over the last 90 days, the stock has seen 10 positive EPS revisions against six negative ones, highlighting a mixed sentiment among analysts.
YouTube and Google Cloud Performance Mixed
Key business segments delivered varied results. YouTube advertising revenue came in at $10.47 billion, surpassing StreetAccount estimates of $10.23 billion. This signals continued strength in digital ad spending despite broader concerns in the sector.
Google Cloud, however, reported revenue of $11.96 billion, missing the expected $12.19 billion. This shortfall suggests that cloud competition remains intense, particularly with rivals like Microsoft and Amazon expanding their presence in enterprise cloud services.
Meanwhile, Alphabet’s…
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