Skip to Content
AP National Business

Alphabet posts lower Q4 profit amid ad squeeze, competition

KIFI
By
Published 2:32 PM

By BARBARA ORTUTAY
AP Technology Writer

Google parent company Alphabet has posted lower profit and a small revenue increase for last year’s fourth quarter. A decline in online ad spending and competition from rivals are weighing on the search giant. Alphabet’s profit declined 34% in the October-December quarter, while revenue grew only 1%. But while overall revenue grew, advertising revenue fell by nearly 4% and revenue at YouTube declined 8% year-over-year. This appeared to spook investors, who sent the company’s stock lower in after-hours trading.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.