Alphabet's Q3 revenue growth likely to slow as competition pressures Search, YouTube

Quick Summary:

Alphabet will likely post its slowest revenue growth in four quarters on Tuesday, hurt by competition that weighed on its core Google Search business and dented YouTube ad spending.

Alphabet's shares fell nearly 9 per cent in the three months to September, marking their largest quarterly drop since the third quarter of 2022.

"New entrants like Perplexity and ChatGPT are raising billions of dollars on the premise that search can now be disrupted; Google has been seen as slow, unprepared ...to the development of GenAI," MoffettNathanson analysts said.

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Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Alphabet Youtube Cent Search Revenue Google Third Analysts Amazon Quarter Expected

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 18:04:04 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 769 words

Reading Time: 5 minutes read

Sentences: 29 lines

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