Alphabet Q2 earnings miss Wall Street expectations, with fallen profits reflecting a slowing ad market

July 27, 2022 9:49

After Snapchat triggered ripples of fear across the US stock market with its disappointing earnings results and guidance last Friday, Google’s parent company Alphabet has confirmed the weakened state of the digital advertising market, with Q2 earnings revealing dipped profits despite hiked revenues.

Alphabet Inc. has released its Q2/H1 earnings, with revenues of US$69.69 billion just missing Wall Street forecasts of US$69.95 billion.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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