Alphabet revenue misses estimates as ad business takes a hit 

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 2 (Reuters) - Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent's digital ad business struggled under an economic slowdown that has choked corporate spending and triggered mass layoffs.


Revenue rose to $76.05 billion in the fourth quarter from $75.33 billion a year ago. Analysts were expecting $76.53 billion, according to IBES data from Refinitiv. (Reporting by Nivedita Balu in Bengaluru; Editing by Devika Syamnath)

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