Entertainment4 sources
YouTube Q3 Ad Revenue Grows 9% to $11.2B, Alphabet Misses Earnings
- YouTube's Q3 ad revenue was $11.2 billion, missing analysts' estimate of $11.43 billion.
- Alphabet's total revenue was $127.6 billion, up 25% year-over-year.
- Alphabet's stock dropped 8% in after-hours trading due to earnings miss.
- YouTube has 150 million YouTube Music and premium subscribers, up from 125 million.
- Alphabet's Google Cloud division saw revenue double, outperforming YouTube's ad revenue growth.
Articles (4)
Business Insider·
YouTube missed expectations on ad revenue as growth slowed down
Deadline·
YouTube Ad Revenue Rises 9% But Parent Alphabet Misses Wall Street’s Q3 Targets; Stock Drops
The Hollywood Reporter·
YouTube Premium and Music Subscribers Pass 150 Million as Ad Revenue Tops $11 Billion in Q3
Variety·
YouTube Q3 Ad Revenue Growth Slows, Rising 9% to $11.2 Billion, as Alphabet Misses Earnings Estimates