Alphabet revenue falls short as YouTube and TikTok battle for users
by Kari Paul and agencies from Technology | The Guardian on (#5YK5M)
Supply issues, inflation and war in Ukraine fuel Google parent company's first-quarter struggles
Alphabet's first quarter revenue fell below analysts' expectations on Tuesday, as the company confronts supply chain problems, inflation concerns, and fallout from the war in Ukraine.
In its quarterly earnings report, Google's parent company said it had made a quarterly profit of $16.436bn, or $24.62 per share, missing expectations of $25.76 per share.
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