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Google parent company Alphabet posted revenues of $68 billion in the first quarter of 2022, $54.66 billion of that was in advertising revenue. The earnings report was dented by the company’s YouTube division, which missed analysts’ expectations. That unit was expected to bring in $7.51 billion, but instead brought in $6.87 billion.
Executives on the company’s earnings call said the war in Ukraine was a headwind this quarter. Alphabet suspended all commercial activities in Russia. They also noted the company’s strong pandemic performance last year made comps this year particularly challenging.
Earnings
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