Alphabet Shares Down 3% on Q1 Miss, YouTube Ad Revenue Growth Slows
<p><a href='https://financialmodelingprep.com/financial-summary/GOOG'>Alphabet Inc. (NASDAQ:GOOG)</a> shares closed more than 3% lower today following the company’s reported Q1 results, with EPS coming in at $24.62, missing the consensus of $25.96. Revenue of $68 billion came in slightly below the consensus estimate of $68.1 billion.</p>
<p>According to the analysts at Deutsche Bank, the most concerning part of the quarterly report was the dramatic year-over-year slowdown in YouTube advertising revenue growth. However, the analysts mentioned they believe many challenges are temporary, such as tough year-over-year comps, dilutive Shorts engagement, and slowing brand advertising spend, mostly in Europe.</p>

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