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Google’s ad revenue drops for the second consecutive quarter

April 26, 2023 10:21

Google’s parent company Alphabet has posted US$69.78 billion (A$105.18 billion) increase in revenue (up 3%) but a US$1.38 billion (A$2.08 billion) dip in profit in the first quarter of 2023, following a US$2.6 billion (A$3.91 billion) workforce and office reduction cost.

The revenue for the quarter ended 31 March compared to US$68.01 billion (A$102.51 billion) in the previous corresponding period.

[click to enlarge]: Consolidated financial results

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Darcy Song was a reporter at Mumbrella, covering media owners, adtech and social platforms. She left in October 2023.

Topics
2023 financial results Alphabet Alphabet Inc Google YouTube
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