Alphabet costs still rising despite Google dominating ad sales
The company missed estimates for third-quarter profit by about $1.7bn as Google increases spending in areas including cloud computing and consumer electronics
29 October 2019 - 11:39
Bengaluru/San Diego — Google parent Alphabet reported quarterly results on Monday that show costs continue to rise faster than revenue as the web search leader looks to broaden its business, dampening Wall Street’s enthusiasm, despite Google’s continued dominance in advertising sales.
The company, the world’s leading internet search, advertising and video services, posted its highest-ever quarterly expenses. It missed analysts’ estimates for third-quarter profit by about $1.7bn, though it beat revenue estimates by about $175m...
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