( ) -q-22- UNDATED (Correspondent Jeremy House) “year-over-year.” Google parent company Alphabet has posted lower profit and a small revenue increase for last year’s fourth quarter. [CutID: <Cuts> ALPHABET-PROFITS-house-q-FRIam.mp3 Time: 22s Title: ALPHABET-PROFITS-house-q-FRIam Out-cue: year-over-year] TAG: Correspondent Jeremy House reporting. —————————– VERBATIM: A decline in online ad spending and competition from rivals are weighing on […]
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Alphabet posts lower Q4 profit amid ad squeeze, competition
( ) -q-22- UNDATED (Correspondent Jeremy House) “year-over-year.”
Google parent company Alphabet has posted lower profit and a small revenue increase for last year’s fourth quarter.
[CutID: <Cuts> ALPHABET-PROFITS-house-q-FRIam.mp3
Time: 22s
Title: ALPHABET-PROFITS-house-q-FRIam
Out-cue: year-over-year]
TAG: Correspondent Jeremy House reporting.
—————————–
VERBATIM: A decline in online ad spending and competition from rivals are weighing on the search giant. Alphabet’s profit declined 34% in the October-to-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.