Google Reports Slowest Revenue Growth In Nearly 10 Years – Search Engine Journal
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Shares of Google-parent Alphabet are down sharply after the company’s latest earnings report reveals the slowest quarter for revenue growth in almost a decade.
Google’s year-over-year (YOY) revenue growth is up 6%, the smallest increase since 2013, aside from one month during the pandemic.
It may seem like a good thing that Google’s revenue is up overall, but the problem becomes evident when you compare it to last year’s growth of 41%.
Google’s operating margin is down from 32% last year to 25% this year, and net income is down 36% YOY.
As Google fell short of expectations, revenue and earnings per share (EPS) were weaker than analysts predicted.
As the below data illustrates, the only category where Google beat estimates is cloud revenue:
- EPS: $1.06 vs. $1.25 expected (according to Refinitiv…
The post Google Reports Slowest Revenue Growth In Nearly 10 Years – Search Engine Journal first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2022/10/26/google-reports-slowest-revenue-growth-in-nearly-10-years-search-engine-journal_2022102634405.html
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