Welcome back to closing down cheddar news everyone, You're
taking a live look at alphabet stock in the after
hours shares, tanking 6% as earnings come in from
google's parent company. So I want to bring back
in cheddar news Senior reporter Michelle Castillo leo for these
results. Michelle. So christians not great. It
was not a great quarter for alphabet. Let's start
with Google's parent company. They had earnings that came
in a dollar and five cents. That is well
below the estimate of$1.18 set by refinitiv analysts.
We also saw revenue come in light 76 point oh
five billion versus the estimate of 76.53 billion. Now
diving deeper into those numbers, we do see some
discrepancies in what the street was expecting. Let's start
with Youtube revenue, which they started breaking out last
year. Um, advertising revenue came in light as
well. 7.96 billion versus the street account estimate of
8.25 billion Google cloud revenue also 7.32 billion. A
lot of people looking, especially with alphabet Sorry,
with amazon showing 20% year over year growth in their
AWS segment that Google's revenue was lighter than the street
was expecting. Uh, 7.43 billion. Google came
in at 7.32 billion when it comes to google cloud
. Now you have to look across the board.
We are seeing a slowdown in cloud earnings alphabets.
Just to, sorry, uh, amazon's cloud division
was the slowest growth rate in year over year revenue
growth since 2014 Google missing estimates. So this one
bright spot that a lot of people were counting on
the idea that a lot of remote companies we're gonna
move to the cloud. Um, It does seem
like a lot of people are pulling back in in
investing in google and amazon cloud services at this time
, and then overall just looking at the digital media
landscape digital advertising, which