12:01 - 26.10.2022
October 26, Fineko/abc.az. Google's holding company Alphabet Inc. (U.S.) reduced its net profit and increased income for Q3 of 2022.
ABC.AZ reports that Alphabet's net profit for July-September 2022 decreased by 26.56% to $13.9 bn against $18.9 bn in 2021. Earnings per share lowered to $1.06 from $1.40.
Alphabet's quarterly revenue grew by 6% to $69.1 bn from $65.12 bn a year earlier.
Revenue excluding traffic acquisition costs, which amounted to $11.8 bn, grew by 7% to $57.3 bn, with an average market forecast for this indicator of $58.2 bn.
