Google's Pandemic-Spending Bonanza Hits a Wall - CNET

The search giant saw a massive drop in earnings in the fourth quarter. Google parent Alphabet fourth quarter profit fell by more than a third as the broader ad market contracted over ongoing recession concerns, the company said Thursday. Alphabet reported net income of $13.6 billion, or $1.05 per share, on revenue of $76 billion for the fourth quarter of 2022. Analysts, on average, expected the...

Read the article at CNET