Alphabet shares fall as Google's parent company suffers from changes at YouTube

Google owner Alphabet misses sales forecasts

"Another EU fine won't have washed well with investors, but in reality it's not the check on its way to Brussels that's causing the shares to drop", said George Salmon, an equity analyst at Hargreaves Lansdown. Revenue increased 17% from the same period last year, down from the third and fourth quarters of last year during which it reported 22% and 21% growth, respectively.

"Nearly half of ad budgets in the USA are still spent offline, 90 percent of commerce in the offline, and we are focused on digital playing a big role in that", Porat said.

As for the first quarter numbers, Google parent company Alphabet delivered mixed first quarter financial results due in part to the recent $1.7 billion antitrust fine by the European Commission that hurt its bottom line.

Including the European fine, net income was $6.7 billion, or $9.50 per share, compared with analysts' average estimate of $7.3 billion, or $10.48 per share.

Excluding the fine, the company earned $11.90 per share. However, the rise was the slowest since 2016 and compared with growth of 26% for the same quarter a year earlier.

Helping drive Alphabet's results was a 39% year-over-year increase in paid clicks on Google properties during Q1.

Spain's PM Pedro Sanchez Weighs Options After Election Win, Outlook Murky
Outside, hundreds celebrated in the street, waving red party flags and chanting "Long live Spain" and "Long live Socialism". Ciudadanos leader Rivera, whose party nearly overtook PP, told supporters his centrist option "keeps growing".

David de Gea Backed By Ole Gunnar Solskjaer After Yet Another
Manchester United goalkeeper David de Gea is experiencing a hard period between the sticks at the moment. He said he expects the Argentine to remain with The Blues next season.

'Avengers: Endgame' crushes box office records in $1.2 billion global debut
In 2017, Baahubali 2 set a record by achieving 11.5-million-U.S. -dollar box office in its first two days of the release. Its prequel " Avengers: Infinity War " formerly held the record making $640 million for its opening previous year .

He added: "We expect that much will be made of company commentary that YouTube clicks decelerated in the quarter and that improving YouTube's environment is a top priority as evidence that YouTube was to blame for the slowdown". The company also has interests in cloud computing, smartphones and self-driving cars.

Traffic acquisition costs (TAC) - what Google pays its partners - amounted to $6.86bn, up from $6.29bn in Q1 2018.

Porat also said that slower revenue growth reflected foreign exchange effects and a strong 2018.

Interestingly, Google's "Other Bets" unit, which includes self-driving auto business Waymo, incurred losses of $858 million, widening over 50 percent from $571 million a year ago.

Back then, Alphabet saw $150m in revenues from the Other Bets division, but an operating loss of $571m. That's down from 85.5% a year ago.

"I think we are building a strong business across all our verticals, and we're definitely are seeing a strong momentum and look forward to being able to share more at the appropriate time", Pichai said. Facebook is at about 20 per cent. Margrethe Vestager, the competition commissioner, said that Google had restricted publishers from displaying rival search... However, the overall segment's rate of growth pales considerably next to AWS' and Microsoft's cloud growth.

Related news:

Hot News

isis-killer-beheading-video-story-top Indian Army Claims 'Photographic Evidence' of Yeti
May 01, 2019 - 00:17
Due to the lack of evidence of the creature's existence, the scientific community has generally regarded the Yeti as a legend. In 2017, a group of worldwide researchers studied multiple purported Yeti samples collected from across the Himalayan region.

isis-killer-beheading-video-story-top Beluga Whale Filmed Wearing Harness May Have Escaped Russian Military Facility
May 01, 2019 - 00:15
Now, fishermen and scientists say this whale, which was reportedly nudging the vessel, might have been trained by Russia's navy. It's a story that sounds too unusual to be true: A human-friendly beluga whale found wearing a odd harness is a Russian spy.

Measles outbreak: Measles cases top 700 as outbreaks continue to spread
May 01, 2019 - 00:14
Adults who have any doubt about their immunity should get another dose, Schaffner said: "It's safe". That includes the largest outbreaks, in Orthodox Jewish communities in and around New York City .

isis-killer-beheading-video-story-top USA measles outbreak hits 'completely avoidable' 25-year-high, officials say
May 01, 2019 - 00:07
The company said in a statement that it has "taken steps to increase USA supply" of the vaccine due to the current outbreak. It says one dose of the MMR vaccine is 93% effective at preventing measles, and two doses are about 97% effective.

isis-killer-beheading-video-story-top Jordan Peele, Regina King and more react to John Singleton tragedy
Apr 30, 2019 - 00:32
Before his death, Singleton checked himself into a hospital after he began experiencing weakness in his legs, according to TMZ . Singleton's family announced earlier Monday that they had made the "agonizing decision" to remove him from life support.

isis-killer-beheading-video-story-top NRA Under Pressure From Grifting Allegations, NY Attorney General Probe
Apr 30, 2019 - 00:30
The NRA opposed the pact signed by President Barack Obama in 2013, but it has never been ratified by USA lawmakers. He explained that the NRA had "a clear crisis" and that it needed to be dealt with "immediately and responsibly".

isis-killer-beheading-video-story-top Harness-wearing whale was ‘trained by Russian military,’ researchers say
Apr 30, 2019 - 00:24
So we attached a hook and fastened it to the harness, and the whale swam away and tore the harness off. It's being reported that the Russian military is believed to have trained sea mammals.

isis-killer-beheading-video-story-top London Marathon: Kenyan Eliud Kipchoge wins men's race for record fourth time
Apr 30, 2019 - 00:07
Like Kosgei, Manuela Schär of Switzerland was a similarly emphatic victor as she took the women's wheelchair race in 1:44:09. She crossed the line way out on her own in a personal best time of 2:18:20, adding to her triumph in Chicago a year ago .

isis-killer-beheading-video-story-top Apple recalls AC wall plug adapters over electrical shock concerns
Apr 29, 2019 - 01:44
With the risk of electric shock , the BBC notes that six incidents within the three primary countries have been reported. Apple said at the time that they were sold over twelve years after some were found to cause a risk of electrical shock.

isis-killer-beheading-video-story-top Champions League qualification does not define season for Sarri
Apr 29, 2019 - 01:44
Higuain has struggled to make the expected impact in English football, but he is not the first to fall into that category. Time is running out for Manchester United now though, who are three points adrift of Chelsea with just two games to go.

isis-killer-beheading-video-story-top Saudi Arabia, UAE Exaggerating Their Oil Capacities: Iran’s Zanganeh
Apr 29, 2019 - 01:42
China now opposes the recent announcement made by the Trump administration on the sanctions imposed. But these waivers have been lifted and will not continue, says President Trump.

isis-killer-beheading-video-story-top Ford says United States opened criminal probe over vehicle emissions
Apr 29, 2019 - 01:41
Volkswagen paid $14.7 billion in civil penalties and $3 billion in criminal fines to settle its cheating scandal with EPA. A number of different Ford vehicles, like this Ranger, could have mpg and emissions restated.

isis-killer-beheading-video-story-top Rockets close out series, Clippers refuse to quit
Apr 28, 2019 - 01:01
We're still in a great position with hopefully only 48 minutes left to close these guys out. "They've been tough", Thompson said. Wednesday's upset also tied for the second-largest postseason upset since 1991, according to ESPN Stats & Info.

isis-killer-beheading-video-story-top Oliver North: 'Informed' I will not be renominated NRA president
Apr 28, 2019 - 01:00
The nation's largest gun rights organization played a pivotal role in President Donald Trump's victory in 2016. The Labour leader said Theresa May was wrong to "kowtow" to a president who "rips up vital global treaties".

isis-killer-beheading-video-story-top Global software 'glitch' leaves Air India passengers stranded
Apr 28, 2019 - 00:31
The airline said its SITA server has been hit since 3.30 am on Saturday, and that it was working to resolve the issue. The server was restored by 8:45 am but the shutdown had left hundreds of passengers stranded at various airports.